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Japan core CPI falls 0.4 pct year/year in April
May 30, 2013 / 11:43 PM / 5 years ago

Japan core CPI falls 0.4 pct year/year in April

TOKYO, May 31 (Reuters) - Japan’s core consumer prices fell 0.4 percent in April from a year earlier, marking the sixth straight month of declines, government data showed on Friday, underscoring the challenges the central bank faces in meeting its 2 percent inflation target.

The fall in the core consumer price index, which includes oil products but excludes volatile prices of fresh food, matched a median market forecast, and followed a 0.5 percent year-on-year decline in March.

Core consumer prices in Tokyo, available a month before the nationwide data, rose 0.1 percent in May from a year earlier, compared with a market forecast for a 0.2 percent decline. They fell 0.3 percent from a year earlier in April.

For background on the data, see PREVIEW

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