Japan's consumer prices decline for 1st time in 4 yearsStaff Writer | January 27, 2017
Japan's consumer prices dropped for the first time in four years in 2016 by 0.3 percent from a year earlier, the government said.
Economy in Japan The 10th straight month of retreat
In December alone, the core consumer price index, excluding volatile fresh food prices, fell 0.2 percent from a year earlier, the ministry's latest data said, owing in part to lower energy prices.
The decline marks the 10th straight month of retreat, the ministry said.
As for the core CPI for Tokyo's 23 wards in January, widely regarded as a gauge of price moves across the country in the coming months, prices fell 0.3 percent in the recording month, with the decline coming on the heels of a 0.6 percent decline in December, which marks the 11th consecutive monthly decline, the ministry also said. ■