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

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

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