17-03-2015 04:53 via news.yahoo.com

BoJ sees possible zero percent inflation in Abenomics setback

The Bank of Japan on Tuesday said tumbling energy prices could push inflation to zero, marking another setback for Tokyo's attempts to conquer years of falling or stagnant prices and stimulate the economy. While the central bank repeated its view that inflation expectations were "rising on the whole" -- and it held fire on launching fresh stimulus -- the commentary strikes another blow to efforts to reach a sustained 2.0 percent inflation level. "The year-on-year rate of incr
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