Japan consumer prices continue to slide

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Báo Dân Trí English - 50 month(s) ago 3 readings

Japan consumer prices continue to slide

Japan's core consumer price index fell 0.5 percent in November from a year ago, as deflation continues to plague the Asian economic giant, government data showed Tuesday.

People Tokyo's Ginza shopping district in October 2010. Japan's core consumer price index fell 0.5 percent in November from a year ago, as deflation continues to plague the Asian economic giant, government data showed Tuesday.

The latest reading means Japan's core CPI has fallen for 21 straight months.

The fall, however, was slightly smaller than the median forecast for a 0.6 percent drop in a poll of economists by Dow Jones Newswires and the Nikkei.

In a separate announcement, Japan's unemployment rate stood at 5.1 percent in November, unchanged from the previous month and matching the market's expectations.

On a brighter note, industrial output rose 1.0 percent in November from the previous month, rebounding after five straight months of declines.

The reading matched market expectations, thanks to a pickup in auto production, supported by the government's incentive programmes for new car purchases.

But the government remained cautious, saying: "industrial production has weakened."

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