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The Bank of Japan’s (BoJ) Yukitoshi Funo is hitting the wires with comments on price growth within the Japanese economy.

Key highlights

Price growth is becoming sluggish.

But prices should turn up in the long-term.

Increase in protectionism could affect the global economy, negatively impact trade volumes.

Watching developments on trade with some worry.

The BoJ needs to watch the risk from trade protectionism carefully, and its effects.

Sees no need to be pessimistic about current price trends as the economy remains in an uptrend.