Japan consumer prices fall 0.4% in April

Shoppers in Osaka Japan's population has been reluctant to spend in the face of falling prices

Related Stories

Japan's consumer prices fell by 0.4% year-on-year in April, the sixth straight month of declines.

The world's third largest economy has experienced years of deflation, and its central bank currently has a 2% inflation target.

The core consumer price index figure, which includes oil products but excludes volatile prices of fresh food, followed a 0.5% drop in March.

And the jobless rate stayed at 4.1% in April, the lowest since November 2008.

On inflation, Prime Minister Shinzo Abe aims to pull Japan out of 15 years of deflation with active government spending.

He argues his move will ignite the economy and eventually lead to higher pay for workers.

The Bank of Japan governor Haruhiko Kuroda has pledged to achieve a 2% inflation target in two years.

Meanwhile, core consumer prices in Tokyo, which are released a month before the nationwide data, were up 0.1% in May compared with a year earlier.

More on This Story

Related Stories

More Business stories

RSS

Features

  • Peaky Blinders publicity shotBrum do

    Why is the Birmingham accent so difficult to mimic?


  • Oliver CromwellA brief history

    The 900-year-story behind the creation of a UK parliament


  • Beer and alcoholAbstinence wars

    The struggle to claim the month of October


  • Image of Ankor Wat using lidarJungle Atlantis

    How lasers have revealed an ancient city beneath the forest


  • Tesco signBest before?

    Has Tesco passed its sell-by date, asks Richard Anderson


BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.