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Japan’s government does not have any plan now to revise a joint statement with the central bank that lays out the role each must play in pulling the economy completely out of deflation, Finance Minister Katsunobu Kato said on Thursday.
Japan is transiting away from an economy where price gains are driven by rising import costs from a weak yen, to one driven by higher wages, Kato told parliament.
“Judging from underlying inflation and a comprehensive look at price moves, we’re not in a stage yet where we can say Japan won’t revert to deflation again,” he said.
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