The Japanese government left its economy assessment unchanged but cautioned against slow increase of consumer prices, putting the pressure on policymakers.
In its economic report, the Cabinet Office emphasized the economy is still in a modest recuperation but consumer prices are rising gradually.
The evaluation comes following the Bank of Japan refrained from boosting its monetary stimulus and slashed its outlook on consumer inflation in the wake of weak economic growth and inflation.
The government reiterated the new estimation is not a deceleration. However, it highlighted the difficulties the central bank needs to face to attain its 2% price goal by March next year.
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