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Japan consumer prices fall most since 2013, keeps BOJ under pressure

Reuters  |  TOKYO 

By Tetsushi Kajimoto and Stanley WhiteTOKYO (Reuters) - Japan's core consumer prices in June suffered the biggest annual decline since the Bank of Japan embarked on its aggressive stimulus drive in 2013, piling pressure on the central bank to expand an already massive stimulus programme.Separate data showed household spending fell 2.2 percent, down for a fourth straight month, underscoring the fragile nature of Japan's economic recovery.Factory output rose 1.9 percent in June and the jobless rate fell to 3.1 percent, marking the lowest reading in nearly 21 years, with job availability at a ...

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First Published: Fri, July 29 2016. 06:18 IST