TOKYO (Reuters) – Japanese Prime Minister Shinzo Abe said on Monday he hoped the central bank would continue to promote “bold” monetary easing to achieve its 2 percent inflation target.
He also said it was premature to declare an end to deflation despite growing signs of strength in the economy.
“An end to deflation means prices aren’t falling consistently and there is assurance Japan won’t slip back into deflation in the future,” Abe told parliament. “We need to look at developments more.”
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