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Japan consumption disappoints as inflation hits zero. TAKASHI...

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    Japan consumption disappoints as inflation hits zero.

    TAKASHI NAKAMICHI
    TATSUO ITO
    the Australian 30 May 2015

    Just a summary.
    Japanese data released yesterday showed the paradox hampering PM Shinzo Abe's economic revival plan.
    Household spending fell 1.3 per cent in April from a year earlier, the government said.

    The decline was surprising considering the low level of spending in the year-earlier month in which the sales tax was raised, sending consumption plunging.
    The annual inflation rate also registered zero in April on falling prices of energy and television sets.
    "The data splashed cond water over optimistic views of consumer spending" expressed by the government and the BOJ.


    Just a summary and I don't have a link just the paper copy.
 
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