January 4, 2018 / 5:54 AM / a year ago

Abe says Japan making steady progress in ending deflation

Japan's Prime Minister Shinzo Abe attends Universal Health Coverage Forum 2017 in Tokyo, Japan December 14, 2017. REUTERS/Kim Kyung-Hoon

TOKYO (Reuters) - Japanese Prime Minister Shinzo Abe on Thursday voiced confidence that the economy was steadily heading toward an end to deflation.

“With a domestic demand-led recovery taking hold, Japan is making steady progress toward emerging from 20 years of deflation,” Abe told a news conference.

He also said his administration would focus on labor market reforms that would boost productivity and address a shrinking working-age population amid a rapidly aging society.

Reporting by Leika Kihara; Editing by Chris Gallagher

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below