Open

Coming up

Don't miss

Replay


LATEST SHOWS

MEDIAWATCH

Competing narratives in Malaysia Airlines disaster coverage

Read more

AFRICA NEWS

Kenya : Police arrest 8 over Mombasa rampage

Read more

FOCUS

Overfishing and the global appetite for bluefin tuna: can Tokyo turn the tide?

Read more

MEDIAWATCH

Too many graphic images from Gaza ?

Read more

FASHION

Who's next in Paris, an event with international ready-to-wear and fashion accessories collections

Read more

ENCORE!

Tunisia's Carthage International Festival turns 50

Read more

THE OBSERVERS

Muslims and Christians clean up Bangui, and violence spirals out of control in Algeria's Gardaia

Read more

IN THE PAPERS

Is there such thing as 'telegenic' victims of war?

Read more

IN THE PAPERS

2014-07-22 07:21 IN THE FRENCH PRESS

Read more

  • Netherlands to honour MH17 victims in national day of mourning

    Read more

  • Defying UK, France to proceed with warships sale to Russia

    Read more

  • Israel strikes Gaza targets despite diplomatic push for ceasefire

    Read more

  • US courts issue conflicting reports on Obamacare

    Read more

  • Video: Lebanon fears fallout from regional turmoil

    Read more

  • Widodo wins Indonesian presidential election

    Read more

  • Flight MH17 shot down ‘by mistake', US intelligence indicates

    Read more

  • US, European airlines suspend flights to Tel Aviv

    Read more

  • Australian veteran Rogers claims 16th stage of Tour de France

    Read more

  • France gives go-ahead to pro-Palestinian Paris rally

    Read more

  • French Jews mourn French-Israeli soldier killed in Gaza

    Read more

  • PSG punished by UEFA for abuse of disabled Chelsea fans

    Read more

  • Colombia's Rodriguez signs '€80m' contract with Real Madrid

    Read more

  • Children killed in minibus crash in eastern France

    Read more

  • A call for harmony in riot-hit ‘Little Jerusalem’ Paris suburb

    Read more

Business

August marks latest record drop in consumer prices

Text by NEWS WIRES

Latest update : 2009-09-29

Japan's record deflation continued apace in the month of August as the core index of consumer prices slipped 2.4% in the sixth consecutive monthly drop.

AFP - Japan's core consumer prices dropped 2.4 percent in August from a year earlier, the fourth straight month of record falls, official figures showed Tuesday.

Core prices, which exclude those of volatile fresh food, fell for a sixth straight month after a 2.2 percent decline in July, the internal affairs ministry said.

The record fall for August was in line with market expectations. It stemmed from lower gasoline and other energy costs as well as weak domestic demand.

The deflation comes despite recent signs of an improvement in the Japanese economy, which returned to positive growth in the second quarter of 2009, exiting a severe year-long recession.

Japan was stuck in a deflationary spiral for years after its asset price bubble burst in the early 1990s, prompting consumers to put off purchases in the hope of further price drops and reducing corporate earnings.

The core consumer prices in Tokyo, a leading indicator of the nationwide trend, fell by an estimated 2.1 percent in September from a year earlier.

Date created : 2009-09-29

COMMENT(S)