BOJ's Muto says unclear when deflation will end

A Bank of Japan official said on Tuesday 1 June that it was unclear when deflation in Japan would end and that the central bank would maintain its quantitative easing policy for a "considerable time".

"At this point it is hard to foresee when Japan will emerge from deflation," BOJ Deputy Governor Toshiro Muto told a seminar in Tokyo.

"It will be hard to overturn deflation within the current fiscal year (ending next March). After that, there is a chance that the gap between supply and demand

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