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Japan deflation slows on rising food and fuel costs
The Bank of Japan forecasts the economy will come out of a lull later this year
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Japanese deflation has slowed in January buoyed by high food and fuel costs.
Consumer prices fell 0.2% in January from December, the statistical office said. Prices were unchanged from a year earlier.
However, analysts said deflation was still a problem, adding the economy was still in the early stages of recovery.
When fuel and food costs are excluded, consumer prices fell at an annual rate of 0.6%.
"The headline numbers are being distorted by commodity prices," said Richard Jerram...
