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Japan's wholesale prices mark record drop in June

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Hannah Bell Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jul-10-09 06:13 AM
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Japan's wholesale prices mark record drop in June
LOS ANGELES (MarketWatch) -- Japan's domestic corporate goods price index, the nation's benchmark measure of wholesale prices, fell a record 6.6% in June from the year-ago period, the Bank of Japan said Friday...the largest on-year tumble on record... Export prices were down 12.8% on year in June, while import prices were 32.2% lower.

"The slide in wholesale prices is highly likely to widen..."

http://www.marketwatch.com/story/japans-wholesale-prices-mark-record-drop-in-june
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charlie Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jul-10-09 06:28 AM
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1. Japan is the counter
to the common notion that massive gov't expenditures inexorably lead to inflation. They've been printing money for decades and battling deflation the whole time.
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Hannah Bell Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jul-10-09 12:22 PM
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2. kick
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