Japan 'half way' to overcoming deflation

While deflation has shown signs of easing in Japan, rising raw material prices still haven't affected consumer goods, signalling that price declines will continue, Japan's Cabinet Office said in its white paper on the economy.

The central bank needs to consider more specific conditions under which it will end the quantitative easing policy, including the use of an inflation reference target and other measures to present a clearer timeframe for the current monetary framework, the government said.

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