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There is still pent up consumer demand in Japan, says expert

While economic data out of Japan on Friday showed that the country was still mired in deflation, with consumer prices falling 0.1 percent year on year in January, one expert thinks there still exists pent up demand among Japanese consumers

"Consumers in Japan are flushed with cash, waiting to spend the money," Glen Wood, Partner and Head of Sales at research firm Ji Asia, told CNBC. "Any sign of inflation and the Japanese consumer will spring back to life."

(Source: CNBC)