Tuesday, October 30, 2012

Reuters: US Dollar Report: Japan Maehara: govt-BOJ statement important in deflation fight

Reuters: US Dollar Report
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Japan Maehara: govt-BOJ statement important in deflation fight
Oct 30th 2012, 06:56

TOKYO | Tue Oct 30, 2012 2:56am EDT

TOKYO Oct 30 (Reuters) - Economics Minister Seiji Maehara said on Tuesday a joint statement by the government and Bank of Japan after the central bank announced its latest monetary easing was an important step towards defeating deflation.

Maehara, speaking to reporters after the BOJ ended a one-day review of monetary policy, said it was difficult to set a time frame for defeating deflation, although swiftly arresting falls in prices was key.

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