Japan Consumer Prices Fall

Long stuck in a battle against deflation, signs are not good for the world’s third largest economy. There are calls for the Bank of Japan to push back their inflation target, DW reported. Economic growth continues to falter in Japan as consumer prices fell in Japan for the seventh consecutive month, the Japanese government announced Friday. Excluding volatile fresh food costs, core consumer prices fell 0.5% year-on-year. While on projection with the market forecast, this puts the Bank of Japan’s 2% inflation target set in April 2013 even further out of reach. The current deadline is set for March 2018.