Japan's underlying inflation approaching 2%, economy minister says
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FILE PHOTO: Japan's minister of economic revitalisation Ryosei Akazawa arrives at Prime Minister Shigeru Ishiba's official residence in Tokyo, Japan October 1, 2024. REUTERS/Issei Kato/File Photo
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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