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Japan still mired in stubborn deflation

Core consumer prices down 0.5% , household spending down 4.6% on year in August

Published Fri, Sep 30, 2016 · 09:50 PM

Tokyo

DEFLATIONARY trends continued to prevail - and by some measures worsen - in Japan in August, official data released on Friday showed, underscoring the uphill task of the Bank of Japan (BOJ) in trying to reignite price rises and create an inflationary mindset in the world's third-largest economy.

The news came just as the main opposition Democratic Party is stepping up its attack on Prime Minister Shinzo Abe's Ab…

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