Japan on brink of deflation as CPI stalls

Japanese consumer price inflation stalled in February, putting the country on the brink of a return to deflation triggered by a slide in oil prices as the government scrambles to pull out of a deepening recession.

Lacklustre consumer prices, a barometer for domestic demand, combined with a larger-than-expected fall in February retail sales are yet another sign of gloom as exports, Japan's main engine of growth, evaporate amid the global economic slump.

Read Full Article from Forbes

- Posted: 2009-03-27 07:42:06

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