Japan's Govt, BoJ Need To Work Hard To Combat Deflation, Furukawa Says

Japan's government and the central bank should take further action to end years of deflation, Economy Minister Motohisa Furukawa reportedly said Monday.


Yesterday, he said the Bank of Japan has to communicate its inflation goal more clearly.

Data released on Monday showed that the economy contracted 0.6 percent sequentially during October to December period, following a revised 1.7 percent growth in the prior quarter.