Japan government mulls declaring end to deflation – Kyodo
by Dhwani Mehta · FXStreetShare:
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).
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