{
  "id": 16133692,
  "title": "Japan’s Kiuchi: Conditions not met for government to declare official end to deflation",
  "url": "https://urgent.news/2026/10/23/japans-kiuchi-conditions-not-met-for-government-to-declare-official",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-23T00:37:34.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/japans-kiuchi-conditions-not-met-for-government-to-declare-official-end-to-deflation-202610230037"
  },
  "original_language": "en",
  "account": "Japan's Economy Minister Minoru Kiuchi stated on Friday that the country has not yet met the necessary conditions for the government to officially declare an end to deflation. Kiuchi mentioned that the government will consider multiple factors before making a decision, ensuring Japan does not fall back into a cycle of persistent price declines. The decision to declare the official end to deflation will take into account the Consumer Price Index (CPI), GDP deflator, and other factors influencing inflation trends. The Bank of Japan (BoJ) statement, in conjunction with the government, highlights the need for stable and sustainable price stability. At the time of this report, the USD/JPY pair is down 1.00% on the day, trading at 156.55. The Japanese Yen (JPY) is one of the most traded currencies globally, with its value influenced primarily by the performance of the Japanese economy, the Bank of Japan's policy, the difference between Japanese and US bond yields, and market sentiment. The BoJ's mandate includes controlling the currency, but it usually refrains from intervening often due to political concerns regarding its key trading partners. The Bank of Japan's ultra-loose monetary policy from 2013 to 2024 led to a depreciation of the Yen against its major currency peers, as there was a growing divergence between the Bank of Japan and other central banks, particularly the US Federal Reserve. Recently, the gradual unwinding of this ultra-loose policy, along with interest-rate cuts in other major central banks, has narrowed this differential. The Yen is often viewed as a safe-haven investment, meaning that during market turmoil, investors tend to allocate more funds to the Japanese currency due to its perceived reliability and stability. Turbulent times are likely to strengthen the Yen's value against other currencies perceived as riskier to invest in.",
  "summary": "Japan's Economy Minister Minoru Kiuchi said on Friday that the country has yet to see conditions met for the government to officially declare an end to deflation.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Bank of Japan",
        "title": "Japanese Government Bonds Held by the Bank of Japan",
        "url": "https://urgent.news/2026/10/22/japanese-government-bonds-held-by-the-bank-of-japan",
        "published": "2026-10-22T08:00:00.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}