Japan's Tanigaki urges caution on deflation call

Japanese Finance Minister Sadakazu Tanigaki on Tuesday 17 January urged the Bank of Japan to be cautious in determining when deflation is over, saying a "cautious assessment" was required.

Tanigaki reiterated, however, that Japan's seven-year deflation would likely come to an end in 2006.

"It (the BOJ) should not simply make a judgement based on numbers, it should also look at the background carefully and make a cautious assessment," Tanigaki said at a Japanese press club event in Tokyo.

"I

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