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In Japan, in May, a slowdown in annual inflation was recorded, which does not take into account the price of fresh food, to 0.8% from 0.9% in the previous month. This was reported by the Ministry of Internal Affairs and Communications of Japan. May's figure confirmed the forecasts of economists. Utilities went up by 3.2% last month, their cost growth slowed down compared to April's increase by 4.4%. The rise in consumer prices, which do not take into account energy and food, was recorded at 0.5% after the April rise of 0.6%. Economists had expected April growth to continue in May. The overall inflation rate in the country was at the level of 0.7%, which coincided with market estimates. A month earlier, the figure was 0.9%.
Japan’s Finance Minister Taro Aso expressed worries about the yen’s continual rise, calling it “rapid” and hinting at the strong currency’s impact on exports as Japan struggles through a recession. The yen’s ...
June had seen Japan’s industrial output breaking its four-month slump. The recuperation could be attributed to a modest recovery seen in broader business and consumer activity after the world’s third-biggest economy suffered from ...
Japan’s first-quarter business spending came smaller than what was initially estimated, revised data showed on Monday. This underscored a sharper damage that the novel coronavirus pandemic had inflicted on the world’s third-biggest ...
The reimplementation of virus-related lockdowns in some states dragged the U.S. economic outlook in the past month, according to economists in a Reuters poll who also warned that the monitored rebound in employment may reverse by the end of ...
Japan's industrial output is expected to recover in June from a double-digit decline in May amid hopes that factory activity may have reached its lowest due to the coronavirus pandemic, according to a Reuters’ poll of 13 economists. While ...
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