Japan econmin: Determined to prevent Japan from returning to deflation

Japan econmin: Determined to prevent Japan from returning to deflation

© Reuters. Japan’s Minister in charge of economic revitalisation and measures for the novel coronavirus pandemic Yasutoshi Nishimura attends a news conference in Tokyo

TOKYO (Reuters) – Japanese Economy Minister Yasutoshi Nishimura said on Friday that he was determined to prevent the nation from returning to deflation and that he would cooperate with the Bank of Japan on economic management.

Speaking to reporters, Nishimura, said consumer prices were moving sideways excluding the impact from the nation’s domestic travel campaign. Government-sponsored discounts for domestic travel aimed at supporting the battered tourism sector has weighed on prices of accommodations. [nL4N2GE4J5]

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