The price of Japanese consumer goods fell for a third straight month in April, by 0.1%, which was better than economists had forecast. March also saw the figure fell by 0.1%. Retail sales may have contributed to the fact that the CPI number did not accelerate in a negative direction. In fact, data for April showed that consumer increased their appetite by 0.6% after having plummeted 1.1% in the month prior. This upward pressure on prices might not hold steady in future months if the island economy continues to dwindle.
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from FXCM.
