Japan

Japan Moves Close to Escaping Deflation

More than half way to meeting central bank's 2015 inflation goal

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Japanese consumer prices have risen at the fastest pace in five years, showing government policies to end its deflation problem may be taking effect.

Core inflation excluding food rose 1.2% in November from the previous year, surpassing market expectations.

Japan is now more than half-way towards meeting the central bank's goal of achieving 2% inflation by about 2015.