US Treasury: Japan No Longer in Deflation, Yen Must Adjust

A US Treasury official stated that Japan is no longer facing a deflationary environment, adding that the yen's level and monetary policy in Tokyo must adjust to the new economic reality. The remarks were reported by news agency Reuters and website FXStreet.

According to the reports, officials in Washington believe that the end of Japan's prolonged deflationary period necessitates an adjustment to the currency's exchange rate. Further details regarding the official's identity or specific demands made to policymakers in Tokyo have not yet been released.