Japanese inflation rises at fastest pace in over five years at 1.3% in 2013
Core inflation rose 1.3% in December- beating expectations- matched by rising factory output
Friday 31 January 2014
The Japanese economy has showed more signs of winning its 20-year battle against deflation today as the cost of living rose at its fastest pace for more than five years in December.
Core inflation, which includes energy but excludes fresh food, rose 1.3 per cent last month, beating expectations.
Over 2013 overall, prices rose 0.4 per cent — the first increase in five years as the Bank of Japan attempts to reflate the economy with aggressive money-printing.
The inflation cheer was matched by rising factory output in December, although fears remain over potential damage to the world’s third biggest economy from the recent turmoil in emerging markets.
Prime minister Shinzo Abe is also raising VAT for the first time in 15 years in April to tackle Japan’s debts.
- 1 Half of young women unable to ‘locate vagina’ and 65% find it difficult to say the word
- 2 Perez Hilton apologises for Jennifer Lawrence naked photo leak
- 3 A teacher speaks out: 'I'm effectively being forced out of a career that I wanted to love'
- 4 Mexican woman becomes world’s 'oldest person' at 127
- 5 Jennifer Lawrence 'naked sex video' will be leaked threatens 4Chan celebrity photo hacker
Rotherham child sex abuse scandal: Labour Home Office to be probed over what Tony Blair's government knew - and when
What do immigrants really think of Britain? Polish immigrant's Reddit post goes viral
Ashya King: Parents of five-year-old boy refused permission to visit him in hospital and denied bail at Spanish court
With Douglas Carswell joining Ukip, my party has taken another giant step forward
When elitism grips the top of British society to this extent, there is only one answer: abolish private schools
Ashya King: 'Cruel NHS has not given us the treatment we need', says father of five-year-old with brain tumour who fled to Spain
iJobs Money & Business
£40000 - £50000 per annum + benefits+bonus+package: Harrington Starr: SQL Impl...
£85000 per annum: Harrington Starr: Head of IT (Windows, Server, VMware, SAN, ...
£40000 - £50000 per annum: Harrington Starr: You will not be expected to hav...
£500 per day: Harrington Starr: SQL DBA/Developer SQL, C#, VBA, Data Warehousi...