ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Economy

Japan core consumer prices fall at fastest pace in 10 years

Government's discount travel campaign weighs on accommodation fees

Overall consumer spending in Japan remained sluggish as the coronavirus kept people from dining out and shopping.   © Reuters

TOKYO (Reuters) -- Japan's core consumer prices dropped at their fastest pace since late 2010 in November weighed by government's travel discount campaign and weak energy prices, raising fears of returning to deflation.

Nationwide core consumer prices, which exclude volatile fresh food costs, fell 0.9% in November from a year earlier, government data showed on Friday, matching a median market forecast.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more