Japan CPI Falls 0.3%, Raising Pressure for More BOJ Stimulus
- Core inflation rate declines for a second month in April
- The outlook for prices remains bleak as economy struggles
Japan CPI Falls, Raising Pressure for More BOJ Stimulus
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Japan’s consumer prices dropped for a second month as central bank Governor Haruhiko Kuroda struggles to spur inflation with record asset purchases and negative interest rates.
Consumer prices excluding fresh food fell 0.3 percent in April from a year earlier, after dropping by the same amount in March, according to a statistics bureau report on Friday. Economists in a Bloomberg survey forecast a decline of 0.4 percent.