Japan's economy slips back into deflation
This prompts talk that BOJ could be forced to administer further stimulus soon
Tokyo
JAPAN'S economy slid back into mild deflation last month as core consumer prices suffered their first drop in more than two years, prompting market speculation that the Bank of Japan (BOJ) could be forced to administer further monetary shock treatment soon to the world's third-largest economy.
The revelation on Friday that core consumer prices, including oil but excluding fresh food, fell by 0.1 per cent in August compared with its level a year earlier came as other signs of weakness suggest that Japan risks slipping back into recession this year.
At a press conference on Friday evening, Prime Minister Shinzo Abe claimed that the country's economy is recovering gr…
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Oil prices steady after Iran plays down reported Israeli attack
G7 pledges swift aid for Ukraine, seeks to calm Middle East
H5N1 strain of bird flu found in milk: WHO
China moves to boost foreign investment in domestic tech companies
Xi orders China’s biggest military reorganisation since 2015
Warner Bros CEO earned US$49.7 million in strike-impacted year