Japan’s Consumer Prices Slide, Adding to Risk of Slower Growth
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Japan’s consumer prices fell for a 17th month and household spending rose less than forecast, driving stocks lower on concern that the nation’s economic recovery is faltering.
Consumer prices excluding fresh food declined 1.1 percent in July from a year earlier, the statistics bureau said today. Household spending rose 1.1 percent, lower than economists’ estimates for a 1.5 percent gain. The unemployment rate fell for the first time in six months, a separate report showed.