[mserve id=”Central_Bank_BOJ.jpeg” align=”left” width=”400″ caption=”Bank of Japan” alt=”Central Bank of Japan BOJ” title=”Bank of Japan”]
Japan’s government on Wednesday warned that deflation and high job losses could hurt a fragile recovery, maintaining a downbeat assessment of the economy in January.
In a monthly report, the government reiterated that it will work with the Bank of Japan to beat deflation and ensure an economic recovery, keeping pressure on the central bank to maintain its ultra-loose monetary policy.
“We must watch various risks as the economy could suffer a double dip or hit a soft patch ahead,” Keisuke Tsumura, a parliamentary secretary of the Cabinet Office in charge of compiling the report, told a news conference.
source CNBC
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.