UPDATE1: Japan’s Jul consumer prices tumble for 5th true month

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09:38 26 Aug 2016

TOKYO, Aug. 26, Kyodo

Japan’s consumer prices fell 0.5 percent in Jul from a year progressing for a fifth true month of decrease due especially to disappearing wanton oil prices, a supervision pronounced Friday, indicating Japan has nonetheless to conquer deflation.

The core consumer cost index, that excludes flighty uninformed food prices, stood during 99.6 opposite a 2015 bottom of 100, a Ministry of Internal Affairs and Communications said. The 0.5 percent decrease was a biggest tumble given Mar 2013.

The continued dump in consumer prices, that followed a revised 0.4 percent decrease in June, is expected to supplement vigour on a Bank of Japan to serve palliate financial process to boost acceleration forward of a process assembly on Sept. 20-21.

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