Japanese consumer prices posted their sharpest decline last month since records began in the early 1970s, fuelling fears that persistent deflation could weaken the country's nascent recovery.Core consumer prices excluding fresh food, which have been falling since March, dropped 2.4 per cent in August from a year ago, compared with a 2.2 per cent decline in July, according to figures from the Statistics Bureau....While most developed economies in the world are expected to battle with inflation in the coming months, deflation in Japan is likely to persist into 2010 because of weak consumer demand, excess capacity and the strength of the yen, according to David Cohen at Action Economics in Singapore.
Core consumer prices excluding fresh food, which have been falling since March, dropped 2.4 per cent in August from a year ago, compared with a 2.2 per cent decline in July, according to figures from the Statistics Bureau....While most developed economies in the world are expected to battle with inflation in the coming months, deflation in Japan is likely to persist into 2010 because of weak consumer demand, excess capacity and the strength of the yen, according to David Cohen at Action Economics in Singapore.
I could sure use some bad where I live. Food is up. Tolls are up. Fuel fell, but increased again. Internet and phone prices always suck large.
Screw the economy that requires ever ascending consumption and price levels. Gimme some of that bad price decline. Never underestimate their intelligence, always underestimate their knowledge.
Frank Delaney ~ Ireland
