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Japanese public's inflation outlook hits 3-year low

TOKYO -- Expectations of inflation among Japanese households have fallen to the lowest point since the Bank of Japan launched its massive monetary easing program in April 2013, a survey by the central bank released Monday shows.

     Just 75.7% of respondents expect prices to be higher in a year, the lowest since March 2013 and down from more than 80% between June 2014 and September 2015. The figure fell 1.9 percentage points from the previous December survey, marking a third straight decline.

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