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Japanese inflation suffers heavy fall

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06-26-2009, 02:45 PM

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Japanese inflation suffers heavy fall

There are fears that the world’s second largest economy could be heading for deflation after figures from the Ministry of Finance revealed that Japan’s core consumer price index (CPI) fell 1.1% in May compared with the same month last year - the most since records began almost forty years ago. The country’s Finance Minister, Kaoru Yosano, [...]

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