Japan nears deflation as core CPI hits zero: FT
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