Says the Wall Street Journal headline, “Japan Govt Likely to Drop Word “Deflation” from Report”
Starting with its December monthly economic report due on Dec. 24, the government will likely refrain from using the word–a staple in its monthly reports in recent years–in its description of the economy, officials say.
- Would be the first time since November 2009
- With a number of data pointing to signs of inflation, the cabinet office has repeatedly modified its description of the state of the economy to the point where it states that conditions are “no longer deflationary”
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The report is scheduled for release on December 24, so checking for the presence (or not) of ‘deflation’ in the report is something to look forward too. And then Santa the next day. Life is good.
