Report

Consumption, income, inflation Drop in October

posted by Richard Katz on December 01, 2014

Found in Japan, categorized in Macro

Tags: TOE Richard Katz Abe consumption tax hike core inflation

Report Cover

Headline

Despite worsening approval ratings for Prime Ministers Shinzo Abe, his Liberal Democratic Party (LDP) is expected to do well in the December 14 Lower House elections.

Abstract

In October, core inflation—excluding the effect of the consumption tax hike—fell to a rate of 0.9%, price-adjusted income and consumption both fell to levels sharply below year-earlier levels, although there were up from September.

About Richard Katz

Richard Katz is Senior Fellow at the Carnegie Council for Ethics In International Affairs, the New York correspondent for Weekly Toyo Keizai, a leading Japanese business magazine, and formerly the editor of The Oriental Economist Report, a monthly newsletter on Japan.

Mr. Katz has taught about Japan’s economy as an Adjunct Associate Professor at the New York University Stern School of Business, and as a Visiting Lecturer in Economics at the State University of New York (SUNY) at Stony Brook.

Mr. Katz is the author of two books on Japan's economic travails and has just finished a third book on reviving entrepreeurship in Japan.

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