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Japan logs ninth monthly price fall in November

Pedestrians walk along a street in the Ginza shopping district in Tokyo on December 14, 2016 as consumer prices fell for the ninth month in a row in NovemberJapan’s consumer prices fell for the ninth straight month in November, official data showed Tuesday, while household spending declined and unemployment ticked up. It was a further blow to efforts from the government and the Bank of Japan to pump up the world’s number three economy with massive public spending and aggressive monetary easing. Prime Minister Shinzo Abe came to office in late 2012 and launched a growth plan — a mix of massive monetary easing, government spending and red-tape slashing.

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