BOJ's Iwata sees chance of sustained growth

Bank of Japan deputy governor Kazumasa Iwata said on Thursday 8 June that Japan's economy was moving from a period of deflation to normal growth.

He told a business community in Akita City in northern Japan that "the economy is in transition from deflation to normal growth."

"We see various risks ahead, but I think there is a high chance of Japan being able to post sustained growth under price stability," he concluded.

Iwata listed various risks, including "an easy credit policy targeting near zero

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