TOKYO (Reuters) - Japan has yet to emerge completely from deflation but is no longer suffering from a sustained period of price falls, Bank of Japan Deputy Governor Masazumi Wakatabe said on Thursday.
TOKYO (Reuters) – Japan has yet to emerge completely from deflation but is no longer suffering from a sustained period of price falls, Bank of Japan Deputy Governor Masazumi Wakatabe said on Thursday.
When asked about recent yen declines, Wakatabe told parliament that it was desirable for currency rates to move stably reflecting economic fundamentals.
(Reporting by Leika Kihara; Editing by Clarence Fernandez)
Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV. Learn more about Thomson Reuters products:
