Japan: National CPI registers -0.4% in Aug with lower unemployment

FXstreet.com (San Francisco) - The first batch of a slew of Japanese data this Friday has just been released. According to the Statistics Bureau, Japan’s National Consumer Price Index came in slightly better than expected at -0.4% (-0.5% cons.) in the year to August 2012 from -0.4% in the previous month. The Unemployment Rate in Japan fell slightly in August to 4.2% (4.3% cons.) from 4.3% last month, reports the Japan Statistics Bureau.

These figures suggest that the Bank of Japan has more work to do to hit its <1% target.

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