Thursday, January 24, 2013 10:11 pm
Japan's consumer prices fall 0.1 percent in 2012
The Associated Press
The government reported Friday that the price index, which excludes fresh foods, also dipped 0.2 percent in December. Although the trend was expected, it likely will add to pressure on the central bank governor, Masaaki Shirakawa, to further ease monetary policy.
The news comes just days after the government and central bank joined in setting a 2 percent inflation target aimed at helping the country emerge from its prolonged spell of falling prices that are thought to be discouraging business investment and stalling recovery for the world's third-largest economy.