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To: sammy™ -_- who wrote (51651)1/26/2006 9:43:21 PM
From: shades  Read Replies (1) | Respond to of 110194
 
I heard woody allen say that once - is that how he got his daughter for a wife?



To: sammy™ -_- who wrote (51651)1/26/2006 9:43:53 PM
From: shades  Read Replies (1) | Respond to of 110194
 
Japan Govt Abe: Japan Still In Mild Deflation

TOKYO (Nikkei/Dow Jones)--Japan's chief government spokesman downplayed the rise in the December core consumer price index, saying Friday that it was a "small improvement" and that mild deflation persists.

Chief Cabinet Secretary Shinzo Abe added that different economic data, such as the gross domestic product deflator, must be considered when gauging whether deflation has ended.

Japan's nationwide core consumer price index rose 0.1% in December from a year earlier, the Ministry of Internal Affairs and Communications said Friday. That followed a 0.1% rise in November and marked the first two-month run of increases in almost eight years.

Abe said that while any change to the quantitative easing policy is ultimately up to the Bank of Japan, the central bank needs to cooperate with the government in making monetary policy decisions.

He also said the Koizumi administration will do everything it can to beat deflation in 2006 and is currently working on developing various policy measures.

Well there you have it MISH - they have inflation and deflation at the same time - hehe.

DJ Japan Tanigaki: Japan Still In Mild Deflation -2-

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While Tanigaki acknowledged some progress in the fight against deflation, he noted the need to stay alert about price conditions.

"The new CPI figure is showing some progress in price conditions. But what is important is to create a situation where we don't have to worry about the possibility of prices starting to fall again," the finance minister said.

Tanigaki did not directly comment on the new CPI figure's implications for the BOJ's monetary policy. The central bank has cited a stable rise of the CPI as one of the conditions for ending the so-called "quantitative easing policy," under which the BOJ is flooding financial markets with ample liquidity and keeps interest rates effectively at zero.