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
