Japanese prices spiral downwards

JAPAN - Japan's economic gloom has deepened further with news that consumer prices fell in July for the 22nd straight month.

The decline was made worse by a new methodology introduced to reflect today's consumer trends more accurately.

The result was a 0.9% drop in core consumer price inflation barring fresh food, a figure thought to be 0.3% worse than it would have been under the old system.

According to the Japanese government, the data showed the "deflationary trend had become clearer"

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