Mexican Media Brands
Inflation Rate Shrinks in Japan
Japan's core consumer price index, which ignores volatile food prices, shrank by 0.1% last month compared with August 2014, according to government data.
#economics
Share
Japan's core consumer price index, which ignores volatile food prices, shrank by 0.1% last month compared with August 2014, according to government data.
When food prices are included, last month's price index expanded 0.2% year on year but was unchanged from July 2015. Economists, who expected the decline, say the shrinkage may prompt the Bank of Japan to increase its stimulation efforts to avoid damaging deflation.
The country's economy shrank 0.4% to an annualized 1.6% in April-June compared with an expansion of 4.5% in January-March. Analysts blame the slumping economy on sagging export volume (especially to the U.S. and China) and lackluster consumer spending.
RELATED CONTENT
-
Enterprise Edges into Self-Driving Car Market
U.S. rental car giant Enterprise Holdings Inc. is the latest company to venture into the world of self-driving vehicles.
-
Report Forecasts Huge Economic Upside for Self-Driving EVs
Widespread adoption of autonomous electric vehicles could provide $800 billion in annual social and economic benefits in the U.S. by 2050, according to a new report.
-
On Quantum Navigation, EVs, Auto Industry Sales and more
Sandia’s quantum navi, three things about EVs, transporting iron ore in an EV during the winter, going underwater in an EV (OK, it is a sub), state of the UK auto industry (sad), why the Big Three likes Big Vehicles, and the future of logistics.