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Japan CPI Declining

Japan CPI DecliningJapan CPI Declining

Japanese consumer prices fell again in October, but deflationary pressure showed some signs of softening—a positive development for beleaguered central bankers, MarketWatch reported. The core consumer price index slipped 0.4% from a year earlier in October, adjusted for fresh-food and energy prices, according to data released Friday by the Ministry of Internal Affairs and Communications. The reading marked the eighth consecutive monthly decline, but was smaller than the 0.5% drop in the previous month. Economists polled by the Nikkei had expected the index to fall 0.4%.

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