Reuters – 6 hours ago
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TOKYO, March 2 (Reuters) – Bank of Japan Governor Masaaki Shirakawa said consumer prices will gradually rise in the coming years, but that has not kept a group of ruling party lawmakers from demanding a higher price goal and further monetary stimulus in March.
Shirakawa said that while consumer inflation is currently flat, it will gradually pick up as the economy recovers due to a rebound in global growth and domestic fiscal spending for reconstruction from last year’s earthquake and tsunami.
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