Japan prices stay flat despite BOJ efforts to ignite inflation
Minister denies govt considering extra budget for fiscal 2016
Tokyo
DATA released on Friday confirmed inflation is failing to take off in Japan despite extraordinary measures adopted by the country's central bank - including the introduction of negative interest rates - to achieve its elusive goal of forcing consumer prices up by 2 per cent annually.
So-called core consumer prices (which include the cost of oil and fresh food) remained unchanged in February from their level a year earlier, whereas market expectations had been for a modest increase.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
EU, ISSB agree on minimising overlaps in company climate disclosures
US law firm Mayer Brown to split from Hong Kong partnership
US labour costs rise by most in a year as productivity cools
US trade deficit narrows slightly in March
Canada posts surprise trade deficit as gold exports fell in March
OECD upgrades global growth outlook as US outperforms