Japan’s Consumer Prices Fall for Third Month Despite BOJ Efforts
TOKYO, JAPAN - DECEMBER 30: Japanese people do shopping as they prepare to celebrate the New Year at Yameyoko-cho and Uechu, the most famous and the oldest New Year Tokyo Markets, in Tokyo, Japan on December 30, 2015.
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Japan’s consumer prices continued to slide in May, putting more pressure on the Bank of Japan to expand monetary stimulus at its meeting later this month.
Consumer prices excluding fresh food fell 0.4 percent in May from a year earlier, after dropping 0.3 percent in April and March, according to a statistics bureau report on Friday. Economists in a Bloomberg survey forecast a decline of 0.4 percent.