{"id":90876,"date":"2015-08-28T14:05:16","date_gmt":"2015-08-28T14:05:16","guid":{"rendered":"https:\/\/armbanks.am\/2015\/08\/28\/243440\/"},"modified":"2024-12-15T13:19:45","modified_gmt":"2024-12-15T13:19:45","slug":"japans-inflation-slumps-to-zero","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2015\/08\/28\/90876\/","title":{"rendered":"Japan\u2019s inflation slumps to zero"},"content":{"rendered":"<p><strong>YEREVAN, August 28, \/ARKA\/.<\/strong> The Bank of Japan\u2019s key inflation gauge slumped to zero for the third time this year, as tumbling energy prices counter Governor Haruhiko Kuroda\u2019s effort to reflate the world\u2019s third-biggest economy, vestifinance.ru reported citing Bloomberg.<\/p>\n<p>Consumer prices excluding fresh food were unchanged in July from a year earlier, the Statistic Bureau said on Friday. Economists in a Bloomberg survey had forecast a 0.2 percent drop.<\/p>\n<p>Other data for July released Friday provide a mixed picture for the start of the third quarter. Household spending unexpectedly fell, retail sales rose 0.6 percent from June, bouncing back from a 0.8 percent drop, while the job market remained tight. The job-to-applicant ratio rose to 1.21.<\/p>\n<p>The economy is struggling to recover from a contraction last quarter, with manufacturers weighed down with the most inventory since 2009 and consumer confidence at a six-month low.<\/p>\n<p>The yen was trading at 121.12 per dollar at 9:52 a.m. in Tokyo, gaining almost 3 percent amid global financial market turbulence following China\u2019s currency devaluation earlier this month. U.S. oil prices have lost about 5.3 percent.<\/p>\n<p>&#8220;It\u2019s just a matter of time before CPI dips below zero as negative effects from cheaper energy intensify,&#8221; said Kiichi Murashima, an economist at Citigroup Inc. -0-<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Bank of Japan\u2019s key inflation gauge slumped to zero for the third time this year, as tumbling energy prices counter Governor Haruhiko Kuroda\u2019s effort to reflate the world\u2019s third-biggest economy, vestifinance.ru reported citing Bloomberg<\/p>\n","protected":false},"author":1,"featured_media":157161,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[12139,9216],"tags":[15418,12225,13350],"class_list":{"0":"post-90876","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy-en","8":"category-news","9":"tag-bank-en-2","10":"tag-inflation","11":"tag-japan"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/90876","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/comments?post=90876"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/90876\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media\/157161"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=90876"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=90876"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=90876"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}