Minoru Kiuchi says Japan has left deflation behind
Japan's economy minister, Minoru Kiuchi, declared on October 15 that the nation's deflation period has ended. He said the Bank of Japan should handle monetary policy and rejected being called a reflationist, while Japan targets ¥370 trillion in strategic investment.
By Standard Topic. AI-generated from the reporting listed under Coverage. Published . Updated .
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What happened
Japan's economy minister Minoru Kiuchi said on October 15 that the country's deflation era is over. He said monetary policy should be left to the Bank of Japan and rejected being labeled a reflationist. Japan is targeting ¥370T in strategic investment alongside fiscal discipline.
Why it matters
Kiuchi urged investors to rethink their view of Japan and judge it on its current economic strengths.
Timeline
- Oct 15, 6:05 AM ET: Kiuchi said deflation is over and urged investors to rethink Japan's economic outlook.
- Oct 15, 7:06 AM ET: Kiuchi said monetary policy should be left to the Bank of Japan and rejected the reflationist label.
Coverage
- Japan's economy minister says the nation is no longer in deflation (Yahoo News)
- Japan economy minister stresses BOJ independence, rejects reflationist label (centraloregondaily.com)
- Japan economy minister says deflation era is over, urges investor rethink (seekingalpha.com)
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