Arab Today, arab today japan consumer prices up 08 on year in august
Last Updated : GMT 21:17:01
Arab Today, arab today
Arab Today, arab today

Japan consumer prices up 0.8% on year in August

Arab Today, arab today

Arab Today, arab today Japan consumer prices up 0.8% on year in August

Tokyo - AFP

Prices in Japan rose last month at their fastest pace in almost five years, data showed Friday, suggesting efforts to conquer years of growth-sapping deflation are taking hold. The consumer price index, which measures a basket of everyday goods, but excludes the volatile cost of fresh food, was up 0.8 percent from a year earlier, the biggest monthly rise since November 2008 when they logged a 1.0 percent rise, according to the internal affairs ministry. It was also the third monthly rise in a row, good news for Prime Minister Shinzo Abe, who has pledged to drag Japan out of its 15-year economic funk with a policy blitz dubbed \"Abenomics\", lifting prices and wages to get the economy moving again. However the upbeat tone of Friday\'s data was tempered by the fact that higher fuel bills drove the increase rather than widespread price rises which power the economy as a whole. Energy imports soared in the wake of the Fukushima atomic disaster in 2011, forcing the shutdown of Japan\'s nuclear reactors. \"If gains in prices were driven by increased domestic demand, someone paying higher prices means someone else is earning more locally, creating a virtuous cycle in the economy, but these activities aren\'t widely seen,\" Tetsuhide Mikamo, director at Marubeni Research Institute, told Dow Jones Newswires. \"Abenomics is only half done.\" Falling prices may sound like a good thing for shoppers, but they are bad for growth because they encourage consumers to put off spending, knowing they will pay less for a product if they wait. That makes it difficult for companies to invest and discourages them from giving wage rises, which, in turn, reduces consumer spending further. Broad-based inflation is key to Tokyo\'s economy drive, a mix of government spending and reforms meshed with monetary easing from the Bank of Japan, which has sharply weakened the yen. The cheaper yen helps fatten profits at leading exporters, powering a 42 percent rally in the Nikkei 225 stock index since the start of the year, although it also jacks up resource-poor Japan\'s energy import bills. Benefits of Abenomics not \'felt evenly\' Early signs suggest Abe\'s growth blueprint is having a positive effect with the world\'s third-largest economy expanding again in the June quarter as cautious firms hiked their capital spending. Still, it has yet to translate into widespread wage rises which are essential for convincing people to start spending more. \"Abenomics is widely heralded as a boon to Japanese society, but the benefits are not being felt evenly,\" said London-based Capital Economics. \"The sluggishness of wages combined with rising inflation has diminished households\' purchasing power.\" The inflation figures come ahead of the release of other key figures next week including factory output and household spending data while the Bank of Japan is set to release its closely watched Tankan business confidence survey. The central bank, which earlier this month upgraded its assessment of the nation\'s economy, is also set to hold a two-day policy meeting next week. The BoJ unveiled a massive monetary easing drive in April, which formed a key part of Tokyo\'s bid to reflate Japan\'s sagging economic fortunes. It also set a target of reaching two-percent inflation by 2015, an ambitious goal to reverse falling prices. Observers say Japan\'s premier must do more -- including overhauling a rigid labour sector, bringing more women into the workforce and shaking up protected industries such as farming -- if he wants to make good on his pledge to revive the economy. Some fear that a planned sales tax rise, squarely aimed at chopping Japan\'s massive national debt, will cut short its fledgling recovery. Abe is expected to confirm the tax rise next week as he unveils a sweeping new economic plan that is likely to include more stimulus measures and a possible corporate tax rate cut.  

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today japan consumer prices up 08 on year in august Arab Today, arab today japan consumer prices up 08 on year in august

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today japan consumer prices up 08 on year in august Arab Today, arab today japan consumer prices up 08 on year in august

 



Arab Today, arab today
Arab Today, arab today Designer Aql Faqih aspires to innovation

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation
Arab Today, arab today Malaysia Airlines picks new CEO

GMT 12:54 2017 Saturday ,21 October

Malaysia Airlines picks new CEO
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Residents get glimpse of Raqa in ruins

GMT 07:10 2017 Saturday ,21 October

Residents get glimpse of Raqa in ruins
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today EU raids automaker BMW

GMT 11:06 2017 Saturday ,21 October

EU raids automaker BMW
Arab Today, arab today Sweden to get biggest car factory

GMT 14:10 2017 Friday ,20 October

Sweden to get biggest car factory
Arab Today, arab today Actress Mona Zaki praises husband’s role

GMT 08:15 2017 Thursday ,19 October

Actress Mona Zaki praises husband’s role
Arab Today, arab today Massacre fears spark race

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 08:57 2017 Wednesday ,18 October

Actress Shery Adel happy for Egypt’s qualification

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 09:56 2017 Friday ,20 October

Privacy Groups Warn of Perils

GMT 08:04 2017 Thursday ,19 October

Second US judge orders freeze

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday