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Japan CPI falls for 15th month

06-25-2010 13:50 BJT

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Japan's consumer prices fell for the 15th straight month in May, as deflation kept its grip on the world's second biggest economy.

According to figures released on Friday, the core consumer price index, which excludes fresh food, fell 1.2 percent from a year earlier. It represents an improvement from April's 1.5 percent fall, suggesting price declines may be moderating as Japan's economy benefits from a jump in exports.

Analysts say lower prices may boost individual purchasing power, but deflation is generally bad for an economy.

Editor:Xiong Qu |Source: CCTV.com

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