Tuesday, 27 December 2016

Japan's core consumer prices fall for 9th straight month in Nov

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Japan's core consumer prices marked the ninth straight month of annual declines in November, data showed on Tuesday, suggesting that the economy still lacks enough momentum to jump-start inflation toward the central bank's ambitious 2 percent target. Separate data showed household spending fell even as job availability hit a fresh 25-year high, underscoring the fragile nature of the economic recovery. The core consumer price index (CPI), which includes oil products but excludes volatile fresh food prices, slipped 0.4 percent in November from a year earlier, government data showed. That compared with a median market forecast for a 0.3 percent decline and matched the pace of drop in October.

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