Japan's Aso: CPI data shows deflation battle going well
Credit: Reuters/Mike Theiler
Japan's Finance Minister Taro Aso arrives for the start of the G20 ministerial meetings, during the IMF/World Bank's 2014 Spring Meetings in Washington April 11, 2014.
Aso, speaking to reporters, also said month-on-month gains may be more important than annual gains after the government raised the national sales tax at the start of April.
Core consumer prices in Tokyo, a leading indicator of nationwide inflation, rose 2.7 percent in April from a year earlier to mark the biggest gain in more than two decades, government data showed. Nationwide core consumer inflation also matched a five-year high of 1.3 percent in March from a year ago, and is expected to track the Tokyo index's spike next month.
(Reporting by Stanley White; Editing by Dominic Lau and Chang-Ran Kim)
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