JAPAN’S GOVERNMENT OFFICIAL: CONSUMER INFLATION TO MOVE AROUND 1.5% IN FISCAL 2024

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A Japanese government spokesperson expresses his take on the country’s inflation and monetary policy outlook on Monday.


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Hope BoJ coordinate with govt on economic policy, take steps based on understanding agreed upon between govt-the BoJ joint statement.


Specific monetary policy up to the BoJ to decide.


We will do our utmost to ensure Japan achieves positive wage and inflation cycle.


When excluding one-off factors from govt utility subsidies, govt expects Japan's consumer inflation to move around 1.5% in fiscal 2024.

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