Japan's consumer prices, spending fall amid recession

  • 2/25/2023
  • 23:26
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Tokyo, Safar 15, 1437, November 27, 2015 -- Japan's consumer prices fell 0.1 per cent from a year earlier in October, dropping for a third consecutive month, as the country tried to make its way out a second recession in two years. The core consumer price index, which excludes fresh food, stood at 103.5 against a base of 100 for 2010, the Ministry of Internal Affairs and Communications said Friday. Japan's central bank introduced aggressive monetary easing measures in April 2013, aiming to achieve 2-per-cent inflation in an economy long plagued by deflation and stagnant growth. But the inflation rate in October was further away from the target. The government has blamed the fall largely on plunging global oil prices, which have dropped more than 40 per cent since last November. --SPA 11:36 LOCAL TIME 08:36 GMT www.spa.gov.sa/w

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