Japan nears deflation as core CPI hits zero: FT

March 27, 2015 10:48 AM (UTC+8)


The Financial Times reports that collapsing oil prices and subdued demand have again thrown Japan to the brink of deflation, despite the world’s biggest monetary stimulus program.

In a serious threat to Abenomics, core consumer price inflation, excluding food and last year’s sales tax rise, fell to a year-on-year reading of zero in February. It is the first time inflation has hit zero since May 2013. Read more

Tokyo: Ginza shoppers
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