-
Japan’s Government Highlights Progress Toward End of Deflation
The Japanese government highlighted progress toward stamping out deflation after battling it for a quarter century, and urged close cooperation with the Bank of Japan in its latest annual white paper on the economy. The Cabinet Office subtitled this year’s paper “inflation, wages getting into motion,” mentioning inflation for the first time in around 50 years. “We shouldn’t overlook the fact that a chance to end deflation is approaching,” the Cabinet Office said in the paper released Tuesday. “The government needs to closely coordinate with the BOJ and navigate the economy by checking the macro economic ... (full story)