Japan's Fukui reiterates that deflation is easing

Bank of Japan governor Toshihiko Fukui told a quarterly meeting of BoJ branch managers Thursday 19 April that the Japanese economy is expanding moderately and deflationary pressure is easing.

Fukui said the possibility is high that the Japanese economy will be able to "sustain a long-lasting recovery, as favorable correlation among production, wage and spending remains at work."

"The year-on-year rise in core consumer prices, which excludes prices of fresh food but includes energy prices, could