Euro-Zone Deflation Risk Remote, Says ECB, page-5

Prime Minister Shinzo Abe said the deflation that wiped out much of Japan’s growth the past 15 years and so stunted the economy that it slipped to No. 3 behind China, has ended and will be thwarted by new government policies designed to encourage business expansion.

http://www.bloomberg.com/news/2014-...lation-as-growth-plan-confronts-skeptics.html

Abe has declared an end to deflation in Japan. But we've heard that for more than a decade now. Japan are not the first nation, and certainly won't be the last, to misread and dismiss deflation. Abe appears to be premature in his announcement.