Japan’s Economic Recovery Under Way as Deflation Eases
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Japan’s deflation eased in December and the job market strengthened, supporting the central bank’s view that the economy may pick up this quarter.
Consumer prices excluding fresh food declined 0.4 percent from a year earlier, the statistics bureau said today in Tokyo, the smallest drop since 2009. The unemployment rate unexpectedly fell to 4.9 percent from 5.1 percent, the first decrease since September.