Japan PM Abe: Japan has not escaped deflation yet

Reuters reports the following comments from the Japanese PM Abe, as he speaks in Parliament in Tokyo.

Market environment has greatly changed due to 2% target.

Still hopes that BOJ continues to promote bold monetary easing to achieve the target.

2% inflation is a global standard

2% target is appropriate for BOJ.

Japan has not escaped deflation yet, but momentum towards 2% inflation is still there.

2% target will be reached around FY2019.