Mr Abe put himself in a difficult position

In the message of the New Year 2016, Japanese Prime Minister Shinzo Abe declared the country "no longer in deflation".

According to the Financial Times, Mr Abe put himself in a difficult position, in the case of the world's third largest economy, and demanded additional stimulus. The head of the Government of Japan, in contradiction to recent statistics, said that Japan's inflation remained close to zero. Abe's government is too eager to announce economic results to the public as Abenomics' "Revolution" revives growth in the fourth year, and the Senate election will take place in summer. now on. "We are not completely out of deflation," said Mr Abe, but wages and investment increased, which meant he was away from deflation. "I think there is only one more step that we can say is completely out of deflation," he said. According to the latest data, prices in Japan in November increased by 0.3% over the same period last year. Excluding fluctuations in food and energy prices, core inflation in November was 0.9%. The central bank of Japan (BOJ) said that reflects the trend toward inflation, but many analysts fear that it is only a temporary effect of the yen down, and this trend will reversed before reaching the 2% inflation target set by BOJ. Besides, lower basic commodity prices will make it harder for Japan to escape deflation.