Tokyo CPI Hints At End To Deflation

Posted on Apr 25, 2014

Overall inflation for the Tokyo region, considered a leading indicator for the nationwide trend, spiked 2.9 percent on year in April, the Ministry of Internal Affairs and Communications said on Friday. That was slightly below expectations for 3.0 percent but up sharply from 1.3 percent in March - perhaps finally signaling an end to the deflation that has hampered the nation for more than 15 years, although the recently implemented consumption tax hike also is likely a factor.

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