boj minutes, 2002-02-28
One member, however, pointed out that service prices continued to decline, but prices of goods seemed to have stopped declining on the whole, with some of them hitting bottom, because (1) the supply-demand balance was improving due to progress in inventory adjustment, (2) prices of goods, which had declined to close to marginal cost, were being revised upward in line with reorganization of firms, and (3) the price differential between Japan and other countries was narrowing reflecting the depreciation of the yen.
Sentiment: neutral
Topic: mp_inflation