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BOJ inflation gauge at zero as cheap oil offsets efforts to reflate economy

Saturday, May 30, 2015 - 05:50

MR KURODA: Is betting that stronger growth driven by cheaper oil that is weighing on prices now will eventually spur inflation in the world's third biggest economy.


THE Bank of Japan's (BOJ) main gauge of inflation slowed to zero, as cheaper oil prices counter governor Haruhiko Kuroda's effort to reflate the economy.

Consumer prices excluding fresh food and effects of last year's sales tax increase were unchanged in April from a year

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