Japan consumer prices rise in April for 4th straight month

Japan consumer prices rise in April for 4th straight month

Japan consumer prices rise in April for 4th straight month

The country’s prospects have been improving on the back of strong exports, with investments linked to the Tokyo 2020 Olympics also giving the economy a shot in the arm. The labour market is tight and business confidence is strong.

But consumer spending remains tepid and the Bank of Japan has struggled to lift inflation despite years of aggressive monetary easing.

After stripping out the volatile cost of fresh food, the inflation rate came in at 0.3%, the fourth consecutive monthly rise after a 0.2% increase in both March and February and a 0.1 percent rise in January.

Excluding fresh food and energy, however, prices stayed flat, following a 0.1% fall in March and 0.1% rise in February, according to the internal affairs ministry.

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