Japan deflation has both supply and demand causes

- Central Banking staff
- 09 Oct 2001

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JAPAN - Bank of Japan Governor Masaru Hayami reiterated Tuesday 9 October that weak demand is increasingly dragging down the nation's prices but that the central bank alone can't fight deflation.

Hayami, testifying in parliament, reiterated that the BOJ is taking steps to combat deflation but that structural reform measures by the government were also essential.

"The BOJ has been taking drastic steps to try to fight deflation but it's difficult when Japan has various structural problems," Hayami

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