Prime Minister Sanae Takaichi (高市早苗) indicated at a special committee of the House of Councillors that the government would carefully assess whether to declare an end to deflation, while expressing a willingness to draw out domestic investment and raise potential growth through responsible proactive fiscal policy.
At a special committee of the House of Councillors on 13 November, Prime Minister Sanae Takaichi (高市早苗) took a cautious stance on the government's issuing a declaration that deflation had ended. She indicated that the policy of making a careful assessment based on a comprehensive consideration of underlying price trends and their background remained unchanged.
In response to questions from Hiroto Kumagai (熊谷裕人), the prime minister stressed that it was necessary not only to escape a situation of sustained price declines, but also to achieve economic conditions on a sustained basis under which it could be judged that the economy was unlikely to return to such a situation.
She again expressed a willingness to boldly draw out domestic investment and raise the potential growth rate under responsible proactive fiscal policy.
At a press conference following the Bank of Japan's Monetary Policy Meeting, Governor Kazuo Ueda (植田総裁) said that underlying inflation was broadly consistent with 2%, while the Ministry of Finance expressed the view that the joint statement should be reviewed.