Japan’s core consumer price index fell 0.6 percent in October year-on-year, compared to a 1.1 percent fall in September. This marks the twentieth straight month of price declines.
Adding to Japan’s deflation misery is a strong yen which makes Japan’s critical export industry less competitive when compared with other exporters. Data issued Thursday showed Japanese exports grew at their slowest pace of the year in October — further evidence that the country’s trade-reliant recovery is ebbing.
Source: AFP News
