New economy minister sees positive signs emerging for end of deflation

Japan’s new Economy Minister Yoshitaka Shindo said on Thursday that positive signs were emerging in output gaps and other areas for the economy to escape deflation.

However, Shindo told his inaugural press conference that those signs must gather strength before declaring victory over deflation, a cycle of persistent price declines that stunts economic growth.

“It’s important to achieve private demand-led growth and exit from deflation,” Shindo said, echoing the resolve expressed by Prime Minister Fumio Kishida a day earlier.

Fidelity Japan Trust PLC (LON:FJV) aims to be the key investment of choice for those seeking Japanese companies exposure. The Trust has a ‘growth at reasonable price’ (GARP) investment style and approach – which involves identifying companies whose growth prospects are being under-appreciated or are not fully recognised by other investors. 

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