Sat, Mar 01, 2014 - Page 15 News List

Japan data show steady growth

REVERSAL?January saw increases in industrial output and consumer prices, but a sales tax hike on April 1 could exert pressure on demand, an economist said

AP, TOKYO

The “‘core’ and ‘core-core’ measures have started to level off at levels well short of the target,” Capital Economics said in a commentary, implying that the BOJ needs to do more to hit its eventual inflation target of 2 percent.

Meanwhile, the jobless rate remained steady at 3.7 percent in January, with 104 job offers for every 100 job seekers. Retail sales rose 1.4 percent from a month earlier after falling in December, while household incomes fell 0.6 percent and seasonally adjusted household spending fell 1.6 percent from the month before, government data showed.

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