November 20, 2017 / 4:58 AM / a year ago

Japan PM Abe: Govt and BOJ to work together to beat deflation

TOKYO (Reuters) - Japanese Prime Minister Shinzo Abe said on Monday that the government and the central bank would work closely together and take all necessary steps to defeat deflation.

FILE PHOTO: Japan's Prime Minister Shinzo Abe delivers his policy speech at the lower house of parliament in Tokyo, Japan, November 17, 2017. REUTERS/Kim Kyung-Hoon

Speaking in parliament, Abe said he hoped the Bank of Japan would continue its bold monetary easing to hit a 2 percent inflation target, adding that he would leave specific monetary policy steps to the central bank.

Reporting by Leika Kihara, Chris Gallagher and Tetsushi Kajimoto; Editing by Chang-Ran Kim

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