Bank of Japan policymaker Takehiro Sato warns that the euro area may face a prolonged period of disinflation and could potentially danger slip into a Japan-style deflationary period - EPA Photo.
OITA: The euro area may face a prolonged period of disinflation that risks harming long-term price expectations, a Bank of Japan policymaker said, warning that the region should not take lightly the potential danger of slipping into a Japan-style deflationary period.
Japan, on the other hand, has seen inflation pick up faster than expected, Takehiro Sato said, echoing the BoJ governor's view that there was no need now to offer fresh monetary stimulus.
Already a subscriber? Log in.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
