Japan speeds up along the road to recovery

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The Independent Online

Japan's prime minister Shinzo Abe's efforts to reflate his country's economy gathered pace in September as consumer prices rose for the fourth straight month.

The core consumer price index, which excludes food, was up 0.7 per cent compared with 0.8 per cent in August, the Management and Co-ordination Agency said.

The government is striving to end a long bout of deflation through aggressive monetary easing and hefty spending on public works, so-called Abenomics. The Bank of Japan insists the economy is on track to achieve an official target of 2 per cent inflation within the next year or so.