TOKYO (Reuters) – Japan’s Economy Minister Ryosei Akazawa said on Monday the country’s underlying inflation was approaching 2%, a goal that is included in the government’s joint statement with the central bank aimed at coordinating policy to beat economic stagnation.
Speaking in parliament, Akazawa also said households face even higher inflation that is driven more by cost-push factors, such as rising import prices.
(Reporting by Leika Kihara; Editing by Jamie Freed)
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