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Japan's core consumer prices index fell for the 17th month in a row in July, underlining the country's entrenched problems with deflation.
The index, which excludes fresh food, fell 1.1% from July last year.
Deflation is adding to economic worries in Japan, where the strong yen is making exports more expensive.
Japan's "lost decade" of deflation in the 1990s hit company profits as consumers delayed purchases to await even cheaper deals.
The fall in the consumer prices index was slightly bigger than the 1% drop in June.
Japan's struggle with deflation worsens as prices fall
Seeded on Fri Aug 27, 2010 7:27 AM EDT
Article Source: BBC News - Japan hit by massive earthquake- Enjoy this article? Help vote it up the 'Vine.
- Public Discussion (4)
Deflation in Japan, does this include the decreased housing market both rents and mortgages? Also didnt Tokyo and other areas in Japan have the most expensive real estate at one time?
I think deflation was only natural to happen since most every thing in Japan was overpriced partially to demand and much more on speculation. In the USA the same will follow and pricing both in Real estate and real purchases will go back to a true value instead of the speculated induced artificial values of of today.
- 1 vote
#1 - Fri Aug 27, 2010 7:44 AM EDTAt what point did our prices reflect true value most recently? How overpriced are our goods? Japan had a strong Yen. Is the dollar strong?
#2 - Fri Aug 27, 2010 7:53 AM EDTNot strong enough. I'm getting killed with the exchange rate over here, as if Japan wasn't expensive enough.
These are the same Muslims were are suppose to trust (I know I will not be swayed)
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