Kiuchi Contradicts BOJ on Inflation Risks
Japan's Economy Minister Minoru Kiuchi offered a reassuring view on inflationary risks at a recent news conference.
Kiuchi stated that Japan has seen only moderate rises in consumer prices, with the overall Consumer Price Index (CPI) rising 1.7% year-over-year in June.
This assessment contrasts with the Bank of Japan's warning last week about the risks of inflation overshooting its 2% target.