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MNI BRIEF: BOJ Opinions: One Member Warns of Deflation

TOKYO (MNI)

One Bank of Japan board member voiced concern over a revival of deflation if downward pressure on economic activity and prices increases, according to a summary of opinions from the March 17-18 policy-setting meeting released on Tuesday.

“With the rises in commodity and other prices, the inflation rate may exceed 2%. However, if downward pressure on economic activity and prices increases, the economy may instead be in danger of falling into deflation again. If it becomes difficult to achieve the price stability target, the Bank should act nimbly and without hesitation,” the minutes showed, see: MNI STATE OF PLAY: BOJ Kuroda: No Policy Change If CPI Hits 2%.

MNI Tokyo Bureau | +81 90-2175-0040 | hiroshi.inoue@marketnews.com
MNI Tokyo Bureau | +81 90-2175-0040 | hiroshi.inoue@marketnews.com

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