Japan's Minister of Economy and Finance Minoru Jonai said after the cabinet meeting on the 2nd that the government needs to “carefully decide” whether to announce that its position on getting rid of deflation has not changed, and will comprehensively consider potential price trends and background factors. Minoru Shirouchi emphasized that the core basis for future judgments is the supply and demand gap. “Including future trends, we will carefully observe whether it can continue to maintain a positive value.” He pointed out that getting rid of deflation requires not only getting out of a continuous fall in prices, but also continuing to ensure that deflation does not return. In response to the Bank of Japan's statement on October 30 that the base price increase was “basically in line with” the 2% target, Minoru Jonouchi stated that he believes the central bank will continue to properly operate monetary policy to achieve the goal of price stability. Regarding speeding up the sale of ETFs, he said he “respects the Bank of Japan's response policy.”

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