Japan's consumer prices fell 0.4 percent year-on-year in April, official data showed Friday as the government struggles to pull the world's third largest economy out of years of deflation. The reading, which excludes volatile prices of fresh food, was in line with a forecast by economists surveyed by Dow Jones Newswires and the Nikkei. Prime Minister Shinzo Abe has vowed to pull Japan out of 15 years of deflation with active government spending, which he argues will kickstart the economy and eventually lead to higher pay for workers. The Bank of Japan has unveiled massive monetary easing steps under new governor Haruhiko Kuroda. He has pledged to achieve a two percent inflation target in two years. Deflation is bad for the economy because it encourages consumers to put off spending in the belief their intended purchases will be cheaper in the future, softening demand and hurting producers. A separate survey from the internal affairs ministry on Friday showed Japan's jobless rate stayed flat at 4.1 percent in April, the lowest level since November 2008 and in line with economists' forecasts.
GMT 12:09 2018 Monday ,26 November
Black Friday less wild as more Americans turn to online dealsGMT 15:07 2018 Sunday ,18 November
Refugee host countries discuss UNRWA's financial crisisGMT 17:22 2018 Wednesday ,31 October
Russia climbed to 31st place in Doing Business-2019 ratingGMT 16:53 2018 Wednesday ,17 October
"Putin" We need for collective restoration of Syria's economyGMT 14:02 2018 Friday ,12 October
Govt to announce incentives package for Overseas PakistanisGMT 18:26 2018 Saturday ,06 October
Dubai attracts Dh17.7 billion in foreign direct investmentGMT 09:02 2018 Friday ,21 September
Economy of Georgia demonstrates "strong signs of recovery"GMT 09:03 2018 Wednesday ,24 January
German investor confidence surges in JanuaryMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor