Jobless rate inches up to 4.6%; spending down as deflation persists
Japanese unemployment inched up and household spending fell more sharply than expected in January with the nation still stuck in its deflationary rut*, government data showed Friday.
*with the nation still stuck in its deflationary rut：国は未だにデフレにハマったまま
Figures from the internal affairs ministry showed Japan’s unemployment rate inched up to 4.6% in January from a revised 4.5% in the previous month while household spending fell by 2.3% year-on-year.
The inflation-adjusted fall in spending was far bigger than the 0.8% drop economists had expected.
The ministry said in a separate survey that Japan’s core consumer prices fell 0.1% in January from a year earlier, the fourth consecutive month of decline.
The core consumer price index, which excludes volatile food items*, fell despite rises in utility bills as the prices of televisions, refrigerators and other household appliances kept dropping.
*which excludes volatile* food items：価格が変動しやすい食料品を除いて
Japan has been in a deflationary spiral for years and economists expect the trend will likely to continue for some time.http://www.japantoday.com/category/business/view/jobless-rate-inches-up-to-4-6-spending-down-as-deflation-persists