Gov't economic report drops word 'deflation' after 5 yrs

Gov't economic report drops word 'deflation' after 5 yrs

TOKYO, Japan - Prime Minister Junichiro Koizumi walks into a room to preside over a meeting of economic ministers at his office on July 19. The meeting adopted a monthly economic report signaling that the Japanese economy is definitely moving out of deflation in the current fiscal year. The word ''deflation'' was dropped from a key monthly economic report for the first time in five years.

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