Fukui says Japan's prices to continue decline

Toshihiko Fukui said Thursday 3 June that rises in wholesales prices were being largely absorbed by higher productivity, and that consumer prices would remain negative for some time.

"Even though we are seeing rises in the consumer goods price index, corporations are boosting productivity so the price rises are largely absorbed," Fukui told a parliamentary committee.

Fukui told the committee Japan's economy was moving faster than the central bank predicted last October, and slackness in demand