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Japan's June jobless rate up, prices fall

07-30-2010 13:52 BJT

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Japan's unemployment rate climbed in June, and deflation deepened its grip on the world's second largest economy.

The country's jobless rate rose to 5.3 percent, up for the fourth consecutive month. But a labor ministry report shows conditions have improved slightly for job hunters. In the meantime, deflation continues as Japan's core consumer price index fell 1 percent from a year earlier. Companies have been dropping prices to spur demand due to the lackluster domestic market.

Japan's central bank says it does not tolerate deflation, but expects prices to continue falling for the next couple of years.

Editor:Xiong Qu |Source: CNTV.CN

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