BOJ's Iwata: Deflation end needs 'one more stroke'

Kazumasa Iwata, one of the Bank of Japan's two deputy governors, said on Friday 4 March that the Japanese economy needs to improve by "one more stroke" to overcome deflation of almost seven years.

``We need to see one more stroke,'' Iwata said at an economic symposium today in the western Japanese city of Osaka.

Iwata said the BoJ's policy of keeping borrowing costs at almost zero and the government's attempt to curb public debt has helped to slow Japan's deflation.

Looking at the ``basic trend

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