Japanese Finance Minister Shunichi Suzuki said on Tuesday that the central bank have not reached a stage where Japan can avoid the risk of falling back into deflation.

Key quotes

“Positive development is seen in Japan's economy such as high pay hikes, record capex.”

“We have not reached a stage where Japan can avoid the risk of falling back into deflation.”

“As such we cannot declare deflation as beaten.”

“Cannot comment on market moves such as forex, stock prices.”

”Declines to comment on interest rate outlook after ending negative rates