IMF's Rato says Japan's deflation almost over

International Monetary Fund Managing Director Rodrigo de Rato said Thursday 3 August that "deflation has, by most measures, ended" in Japan.

Because of the limited risk at present of inflation surging, the BOJ's "tightening cycle started in mid-July to return to more normal levels of interest rates needs to be gradual," Rato said in a speech at the Foreign Correspondents' Club of Japan.

Rato also noted Japan's economic recovery, saying that recent developments have been "very encouraging."

"Empl

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: