9/30/2009

Japan's consumer price index dropped 2.4% last month compared with August 2008, renewing concerns that the country is in danger of slipping into deflation. The decline is the biggest since the government started collecting consumer-price data in 1971. Tetsufumi Yamakawa, chief economist for Japan at Goldman Sachs, said he sees "no end to the vicious spiral leading from price decline to wage decline."

Full Story:
The Japan Times

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