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Japan's Abe - may be able to declare end of deflation if wages rise

Published 07/01/2015, 08:22
Updated 07/01/2015, 08:30
© Reuters. Japan's PM Abe makes a speech at a New Year party hosted by the Japan Business Federation, Japan Association of Corporate Executives and Japan Chamber of Commerce and Industry, in Tokyo

TOKYO (Reuters) - Japanese Prime Minister Shinzo Abe said on Wednesday he may be able to declare that Japan has broken free from a long phase of deflation if companies continue to raise wages.

© Reuters. Japan's PM Abe makes a speech at a New Year party hosted by the Japan Business Federation, Japan Association of Corporate Executives and Japan Chamber of Commerce and Industry, in Tokyo

Abe also said he hopes that by improving the economy Japan will be able to contribute to global growth.

(Reporting by Stanley White; Editing by Simon Cameron-Moore)

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