Japan government mulls declaring end to deflation – Kyodo

Dhwani Mehta FXStreet

Citing sources with knowledge of the matter, Japan’s Kyodo News agency reported on Monday, the Japanese government is mulling officially announcing an end to deflation, flagging heightened risks of policy tightening.

“The government will make a decision after determining whether annual labor-management wage talks due March 13 will turn out strong enough to offset price hikes and also consider the outlook on price trends,” the sources said.

Market reaction

USD/JPY is trading listlessly near 150.20, at the time of writing, little affected by the above report.

Japanese Yen price today

The table below shows the percentage change of Japanese Yen (JPY) against listed major currencies today. Japanese Yen was the strongest against the Australian Dollar.

	USD	EUR	GBP	CAD	AUD	JPY	NZD	CHF
USD		-0.03%	-0.05%	0.05%	0.09%	0.05%	0.07%	-0.07%
EUR	0.02%		-0.03%	0.08%	0.11%	0.07%	0.09%	-0.04%
GBP	0.05%	0.03%		0.09%	0.15%	0.11%	0.12%	0.00%
CAD	-0.05%	-0.06%	-0.09%		0.05%	-0.01%	0.02%	-0.12%
AUD	-0.09%	-0.12%	-0.14%	-0.04%		-0.04%	-0.02%	-0.16%
JPY	-0.04%	-0.08%	-0.13%	-0.02%	0.03%		0.01%	-0.11%
NZD	-0.07%	-0.10%	-0.13%	-0.03%	0.02%	-0.03%		-0.14%
CHF	0.06%	0.04%	0.02%	0.12%	0.16%	0.11%	0.14%

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent EUR (base)/JPY (quote).

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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