Japan forecasts the end of deflation.

 Japan has predicted it will finally emerge from a decade and a half of deflation in FY 2013-14, forecasting that the country's GDP deflator, which is a broad measure of prices trends, will increase 0.2%. That would be the first positive reading since 1997. The government also expects nominal GDP of +1.9% to exceed real GDP (+1.7%) - as adjusted for inflation - for the first time in 16 years. However, analysts are mighty skeptical.