IMF optimistic on Japanese economy

The International Monetary Fund upgraded its economic outlook for Japan on Wednesday 11 August and said it expects price deflation there to end next year.

Click here to read the report on the IMF's web site

''There are clear indications that Japan's long-standing economic problems have eased," the IMF said in a review of the Japanese economy.

The Fund said it expected the Japanese consumer price index to fall 0.1 percent this year, with deflationary pressures ''ebbing to zero" by the end of 2005