to beating 15 years of falling prices

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to beating 15 years of falling prices
Saturday Nation
Date: 28.12.2013
Page 35
Article size: 239 cm2
ColumnCM: 53.11
AVE: 108877.77
Japan moves close
to beating 15 years
of falling prices
Country now
more than half­
way towards
meeting the goal
of achieving 2 per
cent inflation by
about 2015
the currency and spurring
Tokyo, Friday
Japanese consumer prices
more spending.
Bank of Japan (BOJ) Gov­
have risen at the fastest
ernor Haruhiko Kuroda said
pace in five years, showing
'eminent policies to end its
deflation problem may be tak­
ing effect.
Core inflation excluding
earlier this week that policy­
makers have been looking to
break the country's "deflation
equilibrium".
food rose 1,2 per cent in
November from the previous
year, surpassing market ex­
pectations.
Japan is now more than
half­way towards meeting the
central bank's goal of achieving
2 per cent inflation by about
Japan has faced nearly two
decades of stagnant growth
and falling prices because
companies and household,
have held off on spending,
based on the assumption that
prices will not rise.
"The BOJ's monetary policy
This has been due to a
differs from that of other cen­
tral banks in that it focuses
massive monetary stimulus
on changing public expecta­
2015.
policy aimed at weakening
tions," Mr Kuroda said on
Ipsos Kenya ­ Acorn House,97 James Gichuru Road ­ Lavington ­ Nairobi ­ Kenya
Saturday Nation
Date: 28.12.2013
Page 35
Article size: 239 cm2
ColumnCM: 53.11
AVE: 108877.77
1.2
Percentage rise in Japan
inflation In November
excluding food prices
Number of decades that the
Japan economic growth has
stagnated
Ipsos Kenya ­ Acorn House,97 James Gichuru Road ­ Lavington ­ Nairobi ­ Kenya

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