Japan’s government says for the first time since 2006 that the economy is back in deflation, warning of the risk that price falls may pressure a fragile economy.
The government maintains its assessment that although the economy has been picking up, it lacks autonomous factors and remains in a difficult situation.
USD/JPY is trading lower, presently at 88.75 from an early 88.90. Talk of some buy orders down at 88.50.
