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inanna

(3,547 posts) Fri Nov 25, 2016, 02:37 AM Nov 2016

Japan suffers longest consumer price fall since 2011

Source: AFP

November 25, 2016

Tokyo (AFP) - Japan's consumer prices fell in October, government data showed Friday, extending the longest string of declines in five years and underscoring its struggles to conquer deflation.

The weak inflation data -- core prices excluding fresh food fell 0.4 percent from a year ago -- come several weeks after Japan's central bank pushed back the timeline for hitting its 2.0 percent inflation target.

The BoJ's target is a key part of Prime Minister Shinzo Abe's faltering bid to pump up the world's number three economy.

The country has been struggling to reverse a deflationary spiral of falling prices and lacklustre growth but October's data mark eight straight months of declines -- the longest streak since 2011.

Read more: https://www.yahoo.com/news/japan-suffers-longest-consumer-price-fall-since-2011-041703057--finance.html

3 replies

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Japan suffers longest consumer price fall since 2011 (Original Post) inanna Nov 2016 OP

waikiki is packed with japanese tourists who find prices in Hawaii cheap lol. residents think prices msongs Nov 2016 #1

Is this a currency issue? greymattermom Nov 2016 #2

why would this happen? Is it an effort by asian-pacific trade countries to 'break' Japans economy? Sunlei Nov 2016 #3

msongs

(67,406 posts)

1. waikiki is packed with japanese tourists who find prices in Hawaii cheap lol. residents think prices

Reply to inanna (Original post)

Fri Nov 25, 2016, 03:20 AM

Nov 2016

here are outrageous and they are compared to the mainland USA. I guess it's all relative

greymattermom

(5,754 posts)

2. Is this a currency issue?

Reply to inanna (Original post)

Fri Nov 25, 2016, 11:26 AM

Nov 2016

Maybe there is something wrong with the price of the yen.

Sunlei

(22,651 posts)

3. why would this happen? Is it an effort by asian-pacific trade countries to 'break' Japans economy?

Reply to inanna (Original post)

Fri Nov 25, 2016, 12:02 PM

Nov 2016

like when America was to open the solar panel industry, all set to open, people hired , lots of American jobs..doors set to open in one month.

Then china flooded the global market with similar solar panels at prices that were way below the cost to produce. china even said they were 'backed' by some huge 'investor funding' (imo, probably Obama hating republicans)

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