5 June 2001, 09:32 Bank of Japan deputy says increase in deflation "can't be ruled out"
Singapore, June 4 (BridgeNews) - Bank of Japan Senior Deputy Governor
Yutaka Yamaguchi said an increase in the rate of deflation in Japan could
not be ruled out. He noted that the BOJ's ability to meet inflation
targets is limited when corporate profits are slowing and bank balance
sheets are weak.
Speaking to the International Monetary Conference Monday, Yamaguchi said
in recent months Japan's economy has seen a modest deflation of 0.5%.
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