Japan's deflation may not end in 2005 says Haru

Bank of Japan policy maker Hidehiko Haru said on Thursday 25 November that Japan's deflation may not end in the fiscal year that starts April 1, 2005, possibly forcing the Bank of Japan to maintain its zero-rate policy the following year and beyond.

``The central bank's economic outlook report showed many BOJ policy board members expect consumer prices to make a slight gain'' next fiscal year, Haru said on Thursday at a press conference in the southern Japan city of Kumamoto after a meeting wi