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Economy

Japanese consumer prices fall at fastest rate in decade

Nationwide core index down 0.7% in October from a year earlier

October's decline in Japanese consumer prices compared to a year earlier was largely a result of inflation jumping the previous year due to a hike in the sales tax to 10% from 8%.    © Reuters

TOKYO (Reuters) -- Japan's core consumer prices fell in October at their fastest annual pace in nearly a decade as the boost from last year's sales tax hike petered out, heightening fears of a return to deflation for an economy still dealing with COVID-19.

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