During his speech today the minister of the Japanese economy, Nobuteru Ishihara stressed his confidence once again that the Bank of Japan will achieve 2% inflation. “The Ministry of Economy believes that the Central Bank will be able to accelerate inflation to the target level of 2%, while taking into account economic trends. Now the country’s GDP recovered moderately together with the labor market and wage growth. Nevertheless, it is necessary to closely monitor the financial markets and the uncertainty in the external economy “- said Nobuteru Ishihara.
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