Japan PM Abe: Economy is on its way to escaping deflation

At a seminar in Tokyo organized by Bank of America Merrill Lynch (BAML) on Wednesday, Japanese PM Shinzo Abe sounded upbeat on the BOJ’s monetary policy, while adding that the economy is on the verge of escaping deflation.

Key Headlines via Reuters:

Impact of the Bank of Japan's monetary policy is gradually spreading to the real economy

The nation was on its way to escaping deflation

Downside risks to the global economic outlook are rising