The Challenges Facing Japan as Consumer Prices Drop

Japan’s consumer prices fell for a seventh straight month and household spending slumped again in September, underscoring the challenges Prime Minister Shinzo Abe and Bank of Japan Governor Haruhiko Kuroda face in trying to revive the world’s third-largest economy. The downbeat inflation and spending data came despite an increasingly tight labor market. The unemployment rate slipped to 3 percent in September, equal to the lowest since 1995. The low jobless figure hasn’t yet resulted in significant wage gains, a key element of efforts to reflate Japan’s economy. HSBC European Economist Fabio Balboni discusses with Mark Barton on "Bloomberg Surveillance."

EY CEO on the 'Four Ps' for Passing Tax Reform
08:05 - EY Global Chairman and CEO Mark Weinberger discusses U.S. tax reform with Bloomberg's Scarlet Fu, Julia Chatterley and Abigail Doolittle on "What'd You Miss?" (Source: Bloomberg)
  • Economists on Canadian Housing Outlook
  • S&P 500 Winners and Losers for 09/26
  • SocGen's Juckes Says Fed Wants to Get Back to Normal