Japanese inflation picks up in December

Source: Reuters
© Scanpix/Reuters
The consumer price index in Japan jumped to its largest level in five years, as the consumer confidence increases, showing that governmental stimulating policies start to bring first results. Annual inflation inched up to 1.3% in December from 1.2% in November. Economists predicted no changes. Currently, the Bank of Japan target inflation rate is 2%, which should be reached by 2015.
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