Japan faces fourth year of falling prices

JAPAN - Japan is on track to enter its fourth consecutive year of deflation - a phenomenon not seen in any postwar industrialised country - as the country's core consumer price index tumbled for the 36th consecutive month in September.

The core nationwide CPI fell 0.9 per cent in September, year-on-year, the government said. In October, the Tokyo CPI fell 0.8 per cent from the same month the previous year, its 38th consecutive monthly decline, the Financial Times reported.

Consistently falling

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