Japan Inc. Says Deflation Is Dead as Abe Kindles Prices
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Japanese Prime Minister Shinzo Abe’s bid to rid the economy of 15 years of deflation got a boost, as companies forecast sustained price gains.
The inflation rate will be 1.5 percent in a year’s time and 1.7 percent in three years and in five years, according to average forecasts in a Bank of Japan survey conducted from Feb. 24 to March 31 and released in Tokyo today.