Japan's economy out of blues

Published on Fri, Jul 28, 2006 at 18:01 |  Source : Moneycontrol.com

Updated at Sat, Jul 29, 2006 at 09:58  

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Japan's economy out of blues

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Some sunshine for the land of the rising sun as Japanese consumer prices rose in June, underlining confidence that the world's second-largest economy has emerged from a long period of deflation.

A separate report showed that retail sales also increased in June.

There had been worries that the Bank of Japan's first rate rise in six years would stall economic recovery.

  

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