• Kyodo News

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Wholesale prices in November dropped 4.9 percent from a year earlier for the 11th consecutive month of decline, due to falling energy and commodity prices and sluggish domestic demand, the Bank of Japan said Thursday.

The prices, gauged by the central bank’s corporate goods price index, stood at 102.2 against the 2005 base of 100, the BOJ said in a preliminary report. The pace of price decline was less than the average market forecast of a 5.1 percent fall, as well as the previous month’s revised 6.8 percent drop.

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