Japan’s Nishimura: Govt and BOJ will cooperate to ensure no deflation

The government and Bank of Japan (BOJ) will cooperate to ensure there is no deflation in the economy, said Japanese Economy Minister Yasutoshi Nishimura on Friday.

He said that the policies to prevent coronavirus spread are curbing demand, adding that there are obviously various economic effects including prices.

This comes after Tokyo area CPI for April came in at 0.2% YoY vs. 0.4% expected and 0.4% expected.