News Summary: Japan deflation drags on in March

News Summary: Japan March CPI falls as deflation drags on; central bank keeps policy intact

Associated Press

DEFLATION: Japan's consumer price index fell 0.9 percent in March from a year earlier, underlining the challenge of ending a long spell of debilitating deflation, or falling prices, that tend to discourage business investment and weaken growth.

UPPED FORECAST: The Bank of Japan, whose policy board left monetary policy unchanged, raised its forecast, and now expects inflation to hit a 2 percent target within two years.

UNCERTAINTIES: The central bank's forecast noted a slew of uncertainties that could skew trends in either direction, saying its outlook was based on an assumption that global financial markets will remain stable and a weakening of the yen would help boost Japan's exports.

Sorry you didn't like this comment. Please provide a reason below.

Are you sure?
Rating failed. Try again.
Request failed. Try again.
We will promote constructive and witty comments to the top, so everyone sees them!
Sorry, we can’t load comments right now. Try again.

    Recommended for You