Japan’s Consumer Prices Decline Before BOJ’s Policy DecisionBy and
Industrial output beats estimates while retail sales rise
Household spending slumped again as consumers feel the pinch
Japan’s consumer prices dropped for a fourth consecutive month, showing how far prices are from the Bank of Japan’s 2 percent inflation target. In a slew of key economic indicators for June released just hours before the BOJ announces any changes in monetary policy, household spending slumped while industrial production rose more than economists forecast. This rounds out most of the key data for the month.
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