Fiji Time: 5:32 PM on Monday 27 April

Fiji Times Logo

/ Front page / Business

BRIEFLY

Bbc.Co.Uk
Tuesday, March 05, 2013

Price dip

JAPAN'S consumer prices have dipped for the third straight month, underlining the challenge faced by policymakers as they try to stoke inflation. Consumer prices, excluding

food, fell 0.2 per cent in January from a year earlier. Japan has been battling deflation for years. It has hurt domestic demand as consumers tend to put off purchases in hope

of a cheaper deal later on. Japan's new government has said that stoking consumer price growth is key to reviving Japan's sluggish economy. The hope is that if consumer prices start to rise again, then consumers may look at buying goods sooner rather than postpone their purchases, as they may have to pay more for products later on. That is likely to help drive up domestic consumption and boost Japan's economic growth. Domestic demand has become even more important to Japan's economy in recent times as its exports, one the biggest drivers of growth over the past decades, have been hurt by a slowdown in global demand. Prime Minister Shinzo Abe, who won the recent general election on a platform of promises to revive Japan's sluggish economy, has called upon Japan's central bank to do more to fight deflation.





Fiji Times Front Page Thumbnail

Kaila Front Page ThumbnailFiji Times & Kaila Frontpage PDF Downloads

Use the free Acrobat Reader to view.

Today's Most Read Stories

  1. Children watch senseless beating
  2. Fatal night out
  3. Reddy for talks
  4. The sevens challenge
  5. No discrimination
  6. Church celebrates 25 years
  7. Celebrating success
  8. Women take up backyard gardening
  9. Council revives carnival after a lapse of 6 years
  10. Funds a barrier

Top Stories this Week

  1. The murder of a schoolteacher Tuesday (21 Apr)
  2. Wrong body for burial Thursday (23 Apr)
  3. Hunt for terrorist Thursday (23 Apr)
  4. Unclaimed body laid to rest Tuesday (21 Apr)
  5. Man found unconscious, pronounced dead Sunday (26 Apr)
  6. Children watch senseless beating Monday (27 Apr)
  7. Rights over freehold land Wednesday (22 Apr)
  8. PM's office receives 1000 complaints Thursday (23 Apr)
  9. Fatal night out Monday (27 Apr)
  10. Wife wished cancer for hubby Tuesday (21 Apr)