Japan PM Abe: Have not yet escaped deflation

In an interview with Diet, published by Bloomberg, Japanese PM Abe said that the BOJ monetary policy has started to have its intended effects, while adding that Japan has not escaped deflation.

Key Quotes:

Virtuous economic cycle is beginning to work

Have been able to create a situation that is not deflation

Have not yet escaped deflation

Will continue to work closely with the Bank of Japan