Japan Prime Minister Takaichi Cites CPI and GDP Deflator Uptrend as Proof Deflation Is Over
Japanese Prime Minister Takaichi stated that Japan is no longer in deflation, citing rising consumer prices and the GDP deflator. He defined deflation as sustained price declines, noting that the latest data have reversed that trajectory.
The prime minister added that the government has not met the formal criteria to officially declare the deflationary period over. That declaration requires proof there is no longer a risk of the economy returning to falling prices.
From the sources (3 posts)
@financialjuiceJapan's PM Takaichi: Japan is no longer in deflation, if deflation is defined as sustained price declines, as CPI and GDP deflator are in an uptrend
@financialjuiceJapan's PM Takaichi: Japan hasn't met the conditions for the government to declare an end to deflation, which is defined as a state where there is no risk of the economy returning to deflation
@unusual_whalesJapan's PM Takaichi: Japan is no longer in deflation, if deflation is defined as sustained price declines, as CPI and GDP deflator are in an uptrend