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4 Feb 2015
BoJ's Iwata: Shift from deflationary mindset may be delayed
FXStreet (Bali) - Kikuo Iwata, Deputy Governor of the Bank of Japan, is speaking at a meeting with business leaders in Miyagi, noting that the removal of the deflationary mindset in Japan may be delayed due to oil price fall.
Additional headlines
Takes time for effect of monetary policy to appear in economy
Domestic demand recovering from weakness after last year’s sales tax hike
Falling oil prices to benefit japan’s economy in somewhat long-term perspective
Must take into account risk that shift from deflationary mindset may be delayed if oil prices exert downward pressure on inflation
Japan’s economy continues to recover moderately as a trend
US economy continues to recover steadily, some weakness seen in European recovery
Some pick-up seen in Japan exports
No change to view on price outlook from forecast made in October last year
Various surveys show expectations that inflation will heighten steadily are maintained, despite recent oil falls
Additional headlines
Takes time for effect of monetary policy to appear in economy
Domestic demand recovering from weakness after last year’s sales tax hike
Falling oil prices to benefit japan’s economy in somewhat long-term perspective
Must take into account risk that shift from deflationary mindset may be delayed if oil prices exert downward pressure on inflation
Japan’s economy continues to recover moderately as a trend
US economy continues to recover steadily, some weakness seen in European recovery
Some pick-up seen in Japan exports
No change to view on price outlook from forecast made in October last year
Various surveys show expectations that inflation will heighten steadily are maintained, despite recent oil falls