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Stock impact report

Coronavirus-spurred slowdown in Japan prices sparks deflation fears [Reuters]

Mitsubishi UFJ Financial Group, Inc. (MUFG) 
Company Research Source: Reuters
Coronavirus-spurred slowdown in Japan prices sparks deflation fears TOKYO (Reuters) - Japan’s core consumer inflation eased in March for the second straight month, underscoring fears that slumping oil costs and soft consumption because of the coronavirus pandemic might push the country back into deflation. The data released on Friday comes just ahead of the Bank of Japan’s (BOJ) policy meeting on Monday, at which sources have told Reuters the bank will sharply cut its growth forecasts and take further steps to ease funding strains on firms hit by the fallout from the outbreak. The crisis has further dented an economy already on the cusp of recession by keeping citizens home and forcing shops to shut down, distracting the BOJ from its efforts to achieve its elusive 2% inflation target. The core consumer price index, which includes oil products but excludes volatile fresh food prices, grew 0.4% in the year to March, government data showed, matching the median market forecast. It was slo Show less Read more
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