Japan Posts Upbeat Economic Data

Japan’s consumer prices posted another solid gain in January, while industrial production rose and the labor market improved, the government said Friday–strong economic figures that challenge recent signs that growth may be stalling.

The data suggest the economic program of Prime Minister Shinzo Abe may finally be overcoming 15 years of deflation that has inhibited growth by reducing revenue, discouraging spending and raising debt burdens.

The government said the nationwide core consumer-price index rose 1.3% from a year earlier, gaining for the eighth month in a row. The index, which strips out volatile costs of perishables, also climbed 1.3% in December, then the sharpest rise in over five years.

WSJ

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