BoJ's Nakahara warns of deflation return

A Bank of Japan policy board member warned on Thursday 23 March that the BoJ is unlikely to need to tighten credit soon and should instead watch for renewed deflation.

Shin Nakahara said the central bank should have waited to confirm that years of falling prices had ended before it ended its ultra-easy monetary policy on 9 March.

"Consumer prices have turned positive on a year-on-year basis but the rises until December were extremely small, and rather than making a decision on the rise in Janua

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