Japan's Iwata on the price stability anchor

In the speech 'The role of the price stability anchor in extricating Japan from deflation' given on 27 August Kazumasa Iwata of the Bank of Japan said prospects are "good" for an end to the country's 7-year-long battle against deflation.

"Currently we have good prospects to exit from a decade-long period of deflation," Iwata told a symposium sponsored by the Federal Reserve Bank of Kansas City on August 27, 2005.

In his address to the symposium, Iwata noted that prices recently have been largely

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