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Economy
In reply to the discussion: STOCK MARKET WATCH -- Friday, 27 December 2013 [View all]xchrom
(108,903 posts)12. Japan moves close to beating 15 years of falling prices
http://www.bbc.co.uk/news/business-25524429
Japanese consumer prices have risen at the fastest pace in five years, showing government policies to end its deflation problem may be taking effect.
Core inflation excluding food rose 1.2% in November from the previous year, surpassing market expectations.
Japan is now more than half-way towards meeting the central bank's goal of achieving 2% inflation by about 2015.
This has been due to a massive monetary stimulus policy aimed at weakening the currency and spurring more spending.
Japanese consumer prices have risen at the fastest pace in five years, showing government policies to end its deflation problem may be taking effect.
Core inflation excluding food rose 1.2% in November from the previous year, surpassing market expectations.
Japan is now more than half-way towards meeting the central bank's goal of achieving 2% inflation by about 2015.
This has been due to a massive monetary stimulus policy aimed at weakening the currency and spurring more spending.
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