Consumption tax hike lifts inflation to a 23-year high

May 30, 2014

Consumption tax hike lifts inflation to a 23-year high

Japan’s consumer prices rose 3.2 percent in April from a year earlier to the highest level since 1991, the government said Friday. The rise was largely due to the first stage of a two-part sales tax hike that is expected to dent growth this ...

Apr 25, 2014

Tokyo's core CPI got 2.7% lift in April from tax hike

The core consumer price index for central Tokyo jumped 2.7 percent on year in April, the sharpest increase in 22 years, as the consumption tax hike to 8 percent from 5 percent raised prices on April 1, government data showed Friday. For the capital’s ...

Output soars most since 2011 ahead of tax hike

Feb 28, 2014

Output soars most since 2011 ahead of tax hike

The nation’s industrial production in January grew the most since 2011, indicating the economy is strengthening as a looming consumption tax bump stimulates demand, while inflation matched the highest level in more than five years. Output rose 4 percent in January from the previous ...

Jan 31, 2014

Deflation nearing end, 2013 data show

Economic data for 2013 show signs that Japan is moving a step closer to beating prolonged deflation, with consumer prices rising for the first time in five years while the employment situation also improved.

Deflation off slightly last month: data

Dec 27, 2013

Deflation off slightly last month: data

Consumer prices rose 1.2 percent last month, the fastest pace in five years, edging closer to the Bank of Japan’s 2.0 percent target in its war on deflation as Tokyo battles to reverse years of falling prices. But if volatile food and energy, by ...

CPI snaps out of four years of falling; 'Abenomics' lauded

Oct 25, 2013

CPI snaps out of four years of falling; 'Abenomics' lauded

The consumer price index snapped four years of declines in September, signaling progress in Prime Minister Shinzo Abe’s campaign to stamp out deflation and drive a sustained economic revival. Prices excluding energy and fresh food were unchanged from a year earlier after sliding every ...

Tokyo CPI logs first rise in four years

Jun 1, 2013

Tokyo CPI logs first rise in four years

Consumer prices in Tokyo increased 0.1 percent in May from a year earlier for the first upturn in more than four years, due to rising energy and television prices, the government said Friday, suggesting the nation could climb out of deflation in the coming ...

Mar 2, 2013

Prices drop 0.2% as deflation continues

Consumer prices fell 0.2 percent in January from a year earlier for the third straight month of decline, due mainly to a drop in household durable goods, including air conditioners, the government said Friday. The core consumer price index, excluding fresh foods, stood at ...