It has been reported that Brown, a US Treasury deputy secretary, said Japan is no longer in a deflationary situation and that inflation is currently on a positive trajectory. He also reportedly indicated that the stability of Japan's yen exchange rate is important to both Japan and the US, and that all options are being considered to ensure stability in the foreign exchange market.
Nikkei and Reuters, among others, report that Brown, a deputy secretary at the US Treasury, indicated that Japan is no longer in a deflationary environment. Inflation in the Japanese economy is said to be on a positive trajectory, suggesting that the comments may offer some indication of the direction of future economic policy.
Japan is one of the largest holders of US Treasuries, and the stability of the foreign exchange market is reportedly important to the US. Deputy Secretary Brown is said to attach importance to stability in the yen exchange rate and to continue maintaining close communication with the Treasury Ministry.
The comments did not specify concrete policy figures or timing. They have been characterized as sharing an assessment of conditions against the backdrop of stability in the foreign exchange and financial markets of Japan and the US.