BOJ’s Wakatabe Says Japan No Longer Suffers From Sustained Price Drops

© . FILE PHOTO: A man in a protective mask walks past the Bank of Japan headquarters amid the coronavirus disease (COVID-19) outbreak in Tokyo, Japan, May 22, 2020.REUTERS/Kim Kyung-Hoon TOKYO () – Japan has yet to fully come out of deflation but is no longer suffering from a sustained period of price declines, Bank of Japan deputy governor Masazumi Wakatabe said Thursday. When asked about the yen’s recent declines, Wakatabe told parliament that it was desirable for exchange rates to move stably as a result of economic fundamentals.

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