KONTAN.CO.ID - TOKYO. Japan's core consumer prices slipped for the second consecutive month in September, a sign that a coronavirus-induced demand downturn is piling deflationary pressure on the world's third-largest economy already blighted by recession. The data is likely to heighten expectations the Bank of Japan (BOJ) will maintain its massive stimulus programme to cushion the economic blow from the pandemic, analysts said. But analysts mainly blamed the drop on a government campaign aimed at promoting domestic travel, underscoring the tricky task of supporting the economy without pushing inflation further away from the central bank's 2% target.
Japan's consumer prices continue to slide on deflationary pressure from COVID-19
KONTAN.CO.ID - TOKYO. Japan's core consumer prices slipped for the second consecutive month in September, a sign that a coronavirus-induced demand downturn is piling deflationary pressure on the world's third-largest economy already blighted by recession. The data is likely to heighten expectations the Bank of Japan (BOJ) will maintain its massive stimulus programme to cushion the economic blow from the pandemic, analysts said. But analysts mainly blamed the drop on a government campaign aimed at promoting domestic travel, underscoring the tricky task of supporting the economy without pushing inflation further away from the central bank's 2% target.