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Japan Inflation At New Low Since War On Falling Prices Began - Yahoo News

Japan's inflation rate has dropped to its lowest level since just after Tokyo launched a high-profile offensive in 2013 to battle years of falling prices and tepid growth, data showed Friday. The disappointing figures challenge Bank of Japan chief Haruhiko Kuroda's persistent claim that inflation is on the upswing, two years after Tokyo kicked off a war on the deflation that home has been widely blamed for holding back growth and denting company expansion plans. The data may also aggravate doubts over the government's wider bid to lift the world's number three economy out of two-decades of stagnation. Sustained inflation is a key measure of Prime Minister Shinzo Abe's growth blueprint, dubbed Abenomics, which was set into motion following his late 2012 election victory. http://damianywdl.blogs.experienceproject.com/4536417.html The government data on Friday showed that Japan's inflation rate last month came in at 2.2 percent, down from 2.5 percent in December. But stripping out the effect of a sales tax hike last year, it rose just 0.2 percent from a year earlier, the lowest since a zero percent rate in May 2013. The slip makes the Bank of Japan's much-touted 2.0 percent inflation goal -- a cornerstone of Abenomics -- look increasingly unrealistic.
Read more: http://news.yahoo.com/japan-inflation-lowest-since-war-falling-prices-began-030211000--finance.html

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