Japan's core consumer prices down 0.4 percent in February
Core consumer prices in Japan sank 0.4 percent in February from a year earlier, the government said, indicating mild deflation was still haunting the world's second-largest economy. February marked the fifth straight month of a year-on-year decline, according to the Ministry of Internal Affairs and Communications... Month-on-month, core prices slipped 0.1 percent.
Core consumer prices in Tokyo, a leading index of nationwide trends, rose 0.4 percent in March from February but fell 0.5 percent from a year earlier.
Perhaps the Tokyo inflation rate points to a turnaround in the months ahead. Otherwise, one would have to ask whether Japan can achieve a sustainable recovery if it continues to be plagued by deflation.
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