Thursday, April 25, 2013 11:21 pm
Japan prices fall in March as deflation drags on
The Associated Press
The Bank of Japan was due later Friday to issue an updated inflation outlook that many expect will forecast prices rebounding in the next two years to hit a 2 percent target.
The 0.9 percent decline in prices in March compared with a 0.7 percent drop in February. However the inflation benchmark rose 0.2 percent from the month before.
The government said Friday that core consumer prices excluding food fell 0.5 percent year-on-year.
Prime Minister Shinzo Abe took office in December vowing to vanquish deflation, or falling prices, that tend to discourage business investment and weaken growth.