Japan consumer prices in 9th straight rise
February increase of 1.3% lifts hopes that the economy is keeping deflation away
Tokyo
CONSUMER prices in Japan maintained their upward trend in February for a ninth consecutive month, buoying hopes that the world's third-largest economy is defying 15 years of deflation, though price increases were driven partly by a rush to buy goods in anticipation of a rise in consumption tax.
Data released yesterday by the Ministry of Internal Affairs and Communications showed that core consumer prices (excluding volatile food prices) rose 1.3 per cent in February from a year earlier, the same rate as in January.
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