BOJ official sees steady progress on deflation

Japan is making steady progress in its fight against deflation as consumer prices appear set to keep rising amid a balanced economic recovery, a senior Bank of Japan official said Friday 6 January.

"The economy is steadily progressing toward overcoming deflation," Hideo Hayakawa, director-general of the BOJ's Research and Statistics Department, told an economic debate sponsored by the Nihon Keizai Shimbun and the Japan Center for Economic Research.

Noting that the nation's core consumer price