Japan making steady progress in beating deflation: Aso

TOKYO (Reuters) – Japanese Finance Minister Taro Aso said on Tuesday the country’s economy was making “small but steady progress” in beating deflation.

Japan suffered from deflation because past steps taken by the government and the central bank had been inappropriate, Aso told a regular news conference after a cabinet meeting.

Monetary easing steps taken to beat deflation resulted in a weaker yen, he added.

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