Japan Inflation Slows as Oil Price Falls, Keeps BOJ Under Pressure
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|Japanese annual core consumer inflation slowed for a fourth straight month in November due largely to sliding oil prices, highlighting the challenges the central bank faces in achieving its 2 percent inflation target. Factory output unexpectedly fell and household spending remained weak, separate data showed, suggesting that any rebound in the economy from recession will be mild and fragile. The core consumer price index (CPI), which excludes volatile fresh food but includes oil products, rose 2.7 percent in November from a year earlier.
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