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2026-11-02 10:24:24
[Junichi: Whether to declare the end of deflation requires careful decision, the core is the supply and demand gap] (1) Japanese Minister of Economy, Trade and Industry, Jiroshi Jonai, said after the cabinet meeting on the 2nd that the government’s position of “carefully deciding” whether to declare the end of deflation remains unchanged, and will take into account the potential trend of prices and background factors. (2) Jonai stressed that the core basis for future judgments is the supply and demand gap, including its future trend, and will carefully observe whether it can continue to remain positive; he pointed out that to get rid of deflation, it is not only necessary to get out of the continuous decline in prices, but also to continue to ensure that it will not return to deflation. (3) In response to the Bank of Japan’s statement on October 30 that the base price increase was “basically in line” with the 2% target, Jonai said he believes that the central bank will continue to operate monetary policy properly to achieve the goal of price stability; regarding the accelerated sale of ETFs, he said he “respects the Bank of Japan’s response policy.”
