Japan’s consumer prices fall again in January. Deflation now -1.3% compared to January 2009.

Japan, after two decades of fighting against deflation and racking up a 240% of GDP public debt has literally nothing to show for. The deflation is firmly entrenched in the Japanese economy, which is a very good thing for consumers, not speculators.

Marketwatch.com. February 25, 2010.

Japan’s consumer prices fall again in January.

LOS ANGELES (MarketWatch) — Japan’s core consumer price index for January fell 1.3% from the same month a year earlier, the Statistics Bureau said Friday. The result matched economists’ average forecasts as reported separately by Dow Jones Newswires and Japan’s Kyodo News. Compared to December, core CPI — which excludes volatile fresh food prices — was down 0.6%. The “headline” CPI, which includes all prices, was down 1.3% from a year earlier and down 0.2% from the previous month. The drop in core CPI marked Japan’s 11th consecutive month of deflation.


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