Japan inflation, industrial output weaken in Nov

[Omaha Steve]

Source: AP-Excite

TOKYO (AP) — Japan says its inflation rate eased slightly in November as household spending dropped, hindering the government's effort to get the world's third-largest economy out of recession and back to sustainable growth.

Government data released Friday showed core consumer prices, excluding food, rose 2.7 percent while the inflation rate excluding food and energy was 2.1 percent. The inflation rate was 2.9 percent in October.

Overall incomes fell 1.1 percent in November from a year earlier while household spending was down 2.5 percent. Unemployment was flat at 3.5 percent.

FULL short story at link.



Read more: http://apnews.excite.com/article/20141226/as-japan-economy-156fdc32ce.html

[roamer65]

1. The savings rate has finally gone negative in Japan.

Japan is an economic basket case. Debt levels are so high, no appreciable demand increase can be stimulated. The BOJ at this point is simply destroying the yen, nothing more.