December 26, 2017 / 1:58 AM / a year ago

Japan making steady progress in beating deflation: Aso

FILE PHOTO: Taro Aso, Deputy Prime Minister, Minister of Finance and Minister of State for Financial Services of Japan, speaks during the Milken Institute Global Conference in Beverly Hills, California, U.S., May 1, 2017. REUTERS/Lucy Nicholson/File Photo

TOKYO (Reuters) - Japanese Finance Minister Taro Aso said on Tuesday the country’s economy was making “small but steady progress” in beating deflation.

Japan suffered from deflation because past steps taken by the government and the central bank had been inappropriate, Aso told a regular news conference after a cabinet meeting.

Monetary easing steps taken to beat deflation resulted in a weaker yen, he added.

Reporting by Takashi Umekawa; Writing by Leika Kihara; Editing by Minami Funakoshi

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