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Japanese inflation jumps


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Japanese inflation jumps

Inflation in Japan jumped 3.2 percent in April from a year earlier.

It was the fastest gain since February 1991, though some of the increase was because of a rise in the national sales tax.

That is good news for the government and the Bank of Japan.

They are keen to get consumer prices rising again to battle deflation, under which people delay buying things causing the economy to stagnate.

At the same time we learned that Japan’s household spending in April fell at the fastest rate in three years – down 4.6 percent from last April.

That was linked to the sales tax rise, but also raises questions over the pace of the country’s economic recovery.

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