Incoming
10-05-2009, 04:52 PM
http://www.google.com/hostednews/afp/article/ALeqM5g2A02uYKPlQ0A3_F7P1XYC23G0VQ
By Miwa Suzuki (AFP) – 6 days ago
TOKYO — Japan saw a fourth straight month of record deflation in August as weak domestic demand hindered an economic recovery from the worst recession in decades, data showed Tuesday.
With rising unemployment weighing on consumer spending, the new government may need to take fresh pump-priming measures to ensure the world's number two economy stays on a recovery path, analysts said.
Japan's core consumer prices dropped 2.4 percent in August from a year earlier, the government said.
Core prices, which exclude those of volatile fresh food, fell for a sixth straight month, after a 2.2 percent decline in July. Compared with the previous month, however, prices were flat in August.
The deepening deflation comes despite recent signs of an improvement in Asia's biggest economy....
By Miwa Suzuki (AFP) – 6 days ago
TOKYO — Japan saw a fourth straight month of record deflation in August as weak domestic demand hindered an economic recovery from the worst recession in decades, data showed Tuesday.
With rising unemployment weighing on consumer spending, the new government may need to take fresh pump-priming measures to ensure the world's number two economy stays on a recovery path, analysts said.
Japan's core consumer prices dropped 2.4 percent in August from a year earlier, the government said.
Core prices, which exclude those of volatile fresh food, fell for a sixth straight month, after a 2.2 percent decline in July. Compared with the previous month, however, prices were flat in August.
The deepening deflation comes despite recent signs of an improvement in Asia's biggest economy....