Japanese Prime Minister Fumio Kishida spoke at a news conference in Tokyo on Thursday. Kishida said it was appropriate for the Bank of Japan to maintain loose monetary conditions, Reuters reported.
The Japanese government will continue to coordinate closely with the Bank of Japan to ensure that wages continue to rise and the economy completely escapes deflation.
Japan is experiencing a historic opportunity to completely get rid of deflation.
Some may think that the government can declare that Japan is completely out of deflation. But we are still on the way.
I promise to make sure wages grow faster than inflation from next year