BoJ expects deflation to continue into 2005

In its twice-yearly economic report released Friday the Bank of Japan said that it expects deflation to continue through to March 2005. "Consumer prices are forecast to continue posting small declines in this and next fiscal year (that ends in March 2005)," the report said.

Source: AFX Asia

The Bank of Japan (BoJ) said in a twice-annual economic assessment released today that it expects deflation to continue through March 2005.

"The supply-demand gap is likely to shrink slightly during this and