Japan's economy no longer in deflation, with strong wage hikes, says Finance Minister Shunichi Suzuki.
Japan's economy is no longer in deflation, with a strong trend of wage hikes taking place, according to Finance Minister Shunichi Suzuki. Policymakers have previously stated that Japan was not yet ready to declare a solid exit from deflation. The government will utilise all available policy steps to support ongoing wage growth, though Suzuki declined to comment on the Bank of Japan's upcoming policy meeting.
March 15, 2024
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