Japan economy minister Amari:
- Current Japan economy not in state of deflation
- Can't formally declare Japan has exited deflation until BOJ's price target met and there are assurances external shocks won't push economy back to deflation
- Too early for BOJ to consider exit strategy like that of the Fed's tapering as Japan still about to emerge from deflation
- BOJ has expressed strong determination it will take further easing steps if path toward meeting its price target is delayed
- If BOJ determines Japan is lagging in meeting its price target, it is likely to decide appropriate steps
- Machinery orders data is volatile but there are positive data as well so Japan's economy to continue recovering steadily
- Up to BOJ to decide on policy direction, moves
- Government corporate tax cuts will be put in place in time frame of around five years
Headlines via Reuters
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in