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flag Japan's Finance Minister says higher wages don't signal an end to deflation yet.

flag Japan's Finance Minister, Shunichi Kato, noted that despite signs of higher wages in recent union negotiations, Japan is not yet ready to declare an end to deflation. flag The country is transitioning from an import-cost-driven economy to one driven by wage gains. flag However, Japan is still dealing with a supply shortage and not a lack of demand, and there are no current plans to alter the government's and Bank of Japan's stance on deflation.

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