Japan: Deflation Deepens

April 26th, 2013
in econ_news, syndication

Econintersect:  The objective of increasing Japan's inflation rate to 2% keeps getting breaking-news-130px7more challenging.  The latest consumer prices showed a steeper decline than had been expected.  The CPI declined by 0.9% year-over-year.  When fresh food was excluded the decline was 0.4%.  According to Bloomberg the BoJ (Bank of Japan) has forecast deflation to continue for "the time being" until the aggressive monetary easing of ¥70 trillion ($700 billion) a year recently implemented by the central bank in collaboration with the newly elected Shinzo Abe government.

Follow up:

Since the beginning of 2009 Japan has had year-over-year CPI deflation 45 of the 51 months.



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