Japan suffers longest consumer price fall since 2011

Japan has been struggling to reverse a deflationary spiral of falling prices and lacklustre growth but October's data mark eight straight months of declines -- the longest streak since 2011Japan’s consumer prices fell in October, government data showed Friday, extending the longest string of declines in five years and underscoring its struggles to conquer deflation. The weak inflation data — core prices excluding fresh food fell 0.4 percent from a year ago — come several weeks after Japan’s central bank pushed back the timeline for hitting its 2.0 percent inflation target. The BoJ’s target is a key part of Prime Minister Shinzo Abe’s faltering bid to pump up the world’s number three economy.

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