Abenomics describes the plans of Japanese Prime Minister Shinzo Abe to revive growth in the world’s third largest economy, which is struggling to find traction under the impact of a strong yen and stubborn deflation. 

After years of deflation, Japan's consumer prices are rising again. Photo: AFP

Deflation fears ease in Japan as consumer prices rise

Japan's core consumer inflation hit its highest level in nearly five years last month, while prices of personal electronics rose for the first time since 1992 - signs that the country may be emerging from 15 years of deflation.