Thursday, June 28, 2007

UPDATE 1-Japan consumer prices edge down as expected

(Reuters) - TOKYO, June 29 - Japanese core consumer prices fell
slightly as expected in in May from a year earlier, supporting
the widespread view that the Bank of Japan could raise interest
rates as early as August.




Separate data showed the jobless rate remained at a nine-year
low of 3.8 percent in May, while household spending rose 0.4
percent from the same month a year earlier, climbing for the
fifth straight month.


Read more at Reuters.com Economic News

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