Thursday, May 24, 2007

UPDATE 4-Japan consumer prices fall again, but more slowly

(Reuters) - TOKYO, May 25 - The slide in Japanese consumer
prices slowed in April as expected, doing nothing to change the
view that the Bank of Japan is on track to lift interest rates
but that it will have to wait at least until August to do so.




The core consumer price index , excluding fresh food
prices, fell 0.1 percent in April from a year earlier, the third
straight month of year-on-year declines. But it slowed from a 0.3
percent fall in March, data showed on Friday.


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