Japanese wholesale prices fell 0.8% in September from the same month a year earlier, data showed on Monday, marking the seventh straight month of year-on-year declines and heightening the risk the country will slide back into deflation.
Squeezed mostly by soft global demand for commodities and Japanese machinery goods, the weakness in wholesale prices highlights the challenge Tokyo faces in cushioning the impact of the coronavirus pandemic on the world’s third-largest economy.
Wholesale prices also slid 0.1% in September from August, marking the first on-month drop in four months, the data released by the Bank of Japan showed. The drop in wholesale prices adds to headaches for the BOJ, which frets that sluggish consumption, particularly for services, will push consumer inflation further away from its 2% target.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Australia in travel talks with Japan, Korea as coronavirus cases easeAustralia is in talks with Japan, South Korea, Singapore and South Pacific nations on reopening travel as coronavirus infections ease, Prime Minister Scott Morrison said on Sunday.
Read more »
Australia in travel talks with Japan, Korea as coronavirus cases easeAustralia is in talks with Japan, South Korea, Singapore and South Pacific nations on reopening travel as coronavirus infections ease, Prime Minister Scott Morrison said on Sunday.
Read more »
Japan’s cosy telecoms firms are being told to lower pricesThe tender offer for NTT DoCoMo, of $40bn for the 34% of shares it does not already own, is Japan’s biggest ever
Read more »
How Mindy Kaling Kept Her Second Pregnancy SecretMindy welcomed her second child and first son in September.
Read more »
Texas court denies appeal from family to keep 10-month-old baby on ventilatorNick Torres has been on life support since September 24.
Read more »
Yellowstone Park reports most-ever September visitorsYellowstone National Park has reported its highest-ever number of September visitors, a sharp contrast to earlier in the pandemic.
Read more »