Japan in new territory after two years deflation

JAPAN - The Japanese government admitted Friday that the country had notched up two entire years of deflation - a phenomenon not seen since the second world war in an industrialised country and only rarely experienced in history.

The core consumer price index, the most stable measure of prices, fell 0.8 per cent in the year to September, the 24th consecutive month of decline. Data for the Tokyo area, which come out earlier than the nationwide figures, showed a fall of 1 per cent in October

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