kanno is chief economist at jpmorgan securities japan. nhk world's ching-li tor sat down with him to find out when and how japan can beat deflation. >> thank you so much for your time today, mr. kanno. >> my dear pleasure. thank you. global economy is slowing down. more sharply than we originally expected. and it means actually the output gap remains quite large in japan and the -- our price outlook also has been revised down recently so it is quite unlikely that the inflation rate will reach 1% in 2014. the inflation rate will remain probably below 0.5% unless the boj does something very drastically. >> reporter: both the u.s. federal reserve and the bank of japan eased monetary policy in september, but while u.s. markets got a sustained boost, japanese markets soon wrote off the bank of japan action. >> the fed will continue the monetary policy until unemployment rate falls as low as at least 8%, 7%. but what the boj said sounds a little bit modest compared to the fed. the boj is saying the boj will continue to ease the policy until 1%

kanno hiromitsu is an atmospheric geographer.e is currently studying weather patterns in northeastern japan. in particular, he is studying the yamase phenomenon. ( speaking japanese ) translator: in the normal summer, the influence of the pacific ocean high-pressure zone extends into northern japan. when this happens, the tohoku region will be as warm as other prefectures to the south. however, in some years, the pacific ocean high-pressure zone is weak, and the high-pressure zone in the sea of okhotsk is strong. when this happens, a cold air mass will move south, cold winds will blow into tohoku from the north, and we get the phenomenon known as yamase. when yamase occurs, temperatures stay below 20 degrees celsius, even in august. cold temperatures can last for a long time-- as long as ten days or even a month. when this happens, the rice kernels don't form. narrator: ly is crucl to devopment of the rice keels-- it iduring this time the fin the seasonlant. that they're fng inside thetalks. dunghis period kobayashi checks his fi