Japan's PM says 1-2 % inflation good for economy

Junichiro Koizumi said at the weekend price rises of around one to two percent annually would benefit the economy and price falls are not "desirable".

Source: Reuters

Japanese Prime Minister Junichiro Koizumi said a gradual rise in prices would be good for the economy, Japanese media reported on Sunday, a comment likely to give ammunition to proponents of inflation-targeting.

In a campaign speech on Saturday ahead of upcoming parliamentary by-elections, Koizumi said an inflation rate of around o

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