Japan’s Aso: economy has basically escaped from asset price deflation

TOKYO (Reuters) – Finance Minister Taro Aso said on Tuesday that Japan’s economy has basically escaped from economic malaise associated with asset price deflation.

Aso, speaking with reporters after a cabinet meeting, said the government and the Bank of Japan still need to work together to achieve the central bank’s 2 percent inflation target, because achieving this goal would offer proof that Japan has staged a complete escape from deflation.

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