Pandemic heightens chance Japan slides back into deflation: Reuters poll

The coronavirus pandemic has raised the chance Japan's economy will slip back into deflation as social curbs to halt the spread of the disease hits businesses and consumers, a majority of analysts polled by Reuters said.

Japan's core consumer prices, which exclude volatile fresh food but includes energy costs, are seen falling 0.5per cent in the current fiscal year ending in March 2021, the poll conducted between June 2-11 showed.Core consumer inflation is projected to hit a modest 0.3per cent next fiscal year, according to the poll.

The economy will shrink 5.2per cent this fiscal year before recovering to 3.2per cent growth next year, the poll showed. Although the state of emergency was lifted in late May, there is uncertainty how quickly businesses will re-open. The need for social distancing policies could hurt profits for many retailers, analysts say.

Health Health Latest News, Health Health Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Japan PM Abe: 'Very regrettable' that Taiwan was not observer at WHO assemblyJapanese Prime Minister Shinzo Abe said on Thursday that it was 'very regrettable' that Taiwan was not accepted to take part as an observer at the World Health Organization assembly last month. 'It is important to share information and knowledge in the world including Taiwan, which managed Taiwan deserves respect and her rights in the international community.
Source: YahooSG - 🏆 3. / 71 Read more »

Japan PM Abe: 'Very regrettable' that Taiwan was not observer at WHO assemblyTOKYO (REUTERS) - Japanese Prime Minister Shinzo Abe said on Thursday (June 11) that it was 'very regrettable' that Taiwan was not accepted to take part as an observer at the World Health Organisation (WHO) assembly last month.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »