${log.root}/lowem.log
Inflation, Investing and Everything


All | Musings | Tech | Java | Biz | Energy | Env

AddThis Feed Button
20080402 Wednesday April 02, 2008

Japan core inflation rate hits 10-year high of 1.0% in Feb 2008

channelnewsasia.com :

Japan said Friday [28 Mar 2008] its unemployment rate rose for the first time in five months as core inflation hit the fastest pace in a decade, adding to concerns about the health of Asia's largest economy. Japan's core inflation rate meanwhile accelerated to a year-on-year rate of 1.0% in February, the quickest pace since March 1998, as rising energy and food costs drove up consumer prices, a separate report showed. Core inflation, which excludes volatile fresh food prices, picked up from a pace of 0.8% in January. It was the fifth straight monthly rise in core consumer prices.

The world's second-largest economy has struggled for the past decade to put a decisive end to deflation, which weighed on growth by undermining corporate profits and giving consumers an incentive to wait to spend their money. But analysts warn that the return of inflation is not altogether good news for Japan since it is largely due to soaring prices in oil, raw materials and food, making life tougher for companies and consumers.

- From an inflation blogger's point of view, if you were to put Zimbabwe with its record-breaking inflation at one end of an inflation continuum, then you would have to put Japan with its persistent deflation on the other end. But now Japan's deflation has reversed itself and has transformed into inflation. This is a big deal. The Japan case bears watching.

See also :

1. Japan shows first inflation signs as core CPI rises 0.1%
2. Japan inflation at fastest pace in more than 9 years

(2008-04-02 18:09:40 SGT) [Biz] Permalink

Comments:

Post a Comment:

Comments are closed for this entry.




Most popular blog postings on lowem.log :

1. Singapore SIBOR rate falls to 0.94% in Nov 2008, lowest since Jul 2004
2. Baltic Dry Index falls 93% as shipping rates plunge, signalling global economic collapse
3. Singapore SIBOR rate falls to 1.31%, lowest since Nov 2004
4. Singapore SIBOR interest rates fall to 1.5%, lowest since Dec 2004
5. Live spot gold price quotes chart on COMEX
6. 2010 Honda Civic Hybrid preliminary specifications released
7. Fuel prices seen stoking Malaysia inflation in 2008
8. How to insert currency exchange rates into Google Spreadsheets

Featured articles on lowem.log :

1. ABC Guide to Beating Inflation in Singapore and Elsewhere
2. Singapore inflation rate hits new 26-year high of 7.5% in Apr 2008
3. Baltic Dry Index falls 93% as shipping rates plunge, signalling global economic collapse
4. 67000 China factories closed in H1 2008 as global economic collapse takes hold
5. 2010 Honda Civic Hybrid preliminary specifications released
6. Peakoiler buys 2008 Honda Civic Hybrid FD3
7. NYMEX crude oil recovers from $32.40 low after 2.2 mbpd OPEC production cut announced
8. Singapore SIBOR rate falls to 0.94% in Nov 2008, lowest since Jul 2004





archives
search
sponsored links





bookmarks

about
my profile
contact me

personal
biow
ken
wenn

sites
photo gallery
wiki

blogroll
reviewem
sgenergycrisis
theenergycollective

forums
goldclubasia.com
peakoil.com


navigation
decals

Click for Singapore, Singapore Forecast





rss feed for lowem.log

Get Firefox!

powered by
hosted by