Japan still mired in stubborn deflation
Core consumer prices down 0.5% , household spending down 4.6% on year in August
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 Abenomics policies, a key element of which involve fighting the country's persistent deflation. It also coincided with reports that Mr Abe may call a snap Lower House parliamentary election in January.
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