japan inflation unchanged at zero in february
Last Updated : GMT 09:07:40
Egypt Today, egypt today
Egypt Today, egypt today
Last Updated : GMT 09:07:40
Egypt Today, egypt today

Japan inflation unchanged at zero in February

Egypt Today, egypt today

Egypt Today, egypt today Japan inflation unchanged at zero in February

Japanese consumer inflation stuck at zero in February for the second straight month
Tokyo - AFP

Japanese consumer inflation stuck at zero in February for the second straight month, marking another blow to Prime Minister Shinzo Abe's struggle to end nagging deflation.

Abe came to power in December 2012 vowing to reverse the prolonged and debilitating decline in consumer prices that has plagued Japan's economy on and off for years.

Bank of Japan Governor Haruhiko Kuroda has used unconventional tools, including massive buying of government bonds and, since January, a negative interest rate, in efforts to boost prices and spur the world's third-largest economy.

But Friday's data offered fresh evidence of the challenges faced by the government and BoJ, which says its forecast 2.0 percent inflation rate will not now be reached until next year. It originally said this would happen in 2015.

The Internal Affairs Ministry announced that core consumer prices, which exclude volatile fresh food prices, were unchanged in February from a year ago.

The data came on the heels of the same number in January, and rises of 0.1 percent in both December and November.

Falling energy prices, coupled with a higher yen driving down the cost of imports, have continued to weigh on core consumer prices.

Junichi Makino, chief economist at SMBC Nikko Securities, said worse news was ahead, with prices likely to fall.

"Prices of food... and energy were all weak," Makino wrote in a report.

"It is difficult to expect sustained price increases in the immediate future," he added, stressing the weakness of Japan's overall economy, which contracted during the final three months of last year.

 

egypttoday
egypttoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

japan inflation unchanged at zero in february japan inflation unchanged at zero in february



GMT 05:03 2017 Monday ,10 April

Investors flock to macro hedge funds

GMT 17:47 2017 Monday ,09 October

Egypt's Khattab gets 11 votes

GMT 15:18 2012 Wednesday ,25 January

Energy Conservation in Our Artificial Habitats

GMT 08:19 2015 Monday ,14 December

Takanashi, Prevc on top in Russia

GMT 09:38 2017 Friday ,30 June

Tunisian security arrested 13 members

GMT 07:19 2017 Tuesday ,29 August

Indonesian becomes official Haj guest

GMT 18:53 2013 Friday ,23 August

Loic Remy is top signing for Newcastle

GMT 11:00 2017 Wednesday ,13 December

Beauty and lifestyle magazine seeks red eye make-up

GMT 13:08 2017 Saturday ,28 October

Al-Asbahy says team ready for final

GMT 04:29 2012 Tuesday ,17 April

Whitney Houston\'s ex denies drunk driving

GMT 08:49 2017 Thursday ,23 November

Study sees link between pollution

GMT 16:25 2014 Thursday ,06 March

Moammar Gaddafi\'s son Saadi in Libyan custody
 
 Egypt Today Facebook,egypt today facebook  Egypt Today Twitter,egypt today twitter Egypt Today Rss,egypt today rss  Egypt Today Youtube,egypt today youtube  Egypt Today Youtube,egypt today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

egypttoday egypttoday egypttoday egypttoday
egypttoday egypttoday egypttoday
egypttoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
egypttoday, Egypttoday, Egypttoday