Japan CPI, consumption fall again as BOJ-weary households slash spending
Japan's core consumer prices fell in the year to August, a sixth straight month of declines and a daunting challenge for the Bank of Japan's relaunched stimulus campaign.
Household spending fell 4.6 percent year-on-year in the month, considerably exceeding the 2.5 percent drop expected by economists, and highlighting the weakness in private consumption which makes up roughly two-thirds of the economy.
A rebound in factory output brightened the outlook somewhat.
Weak consumption data may mean additional scrutiny of the central bank, which last week switched to targeting short- and long-term... read more
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