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Japan jobless rate up, prices, manufacturing fall

March 28, 2013 • World News


Commuters on escalators head to workplaces in Tokyo, Friday, March 29, 2013. Japan’s jobless rate edged higher and industrial production fell slightly in February as consumer prices also fell, underscoring the fragility of the recovery of the world’s third-largest economy. The government data released Friday showed the main consumer price index fell 0.3 percent from a year earlier as deflation continued to defy the combined efforts of the government and central bank to move toward a 2 percent inflation target. (AP Photo/Shuji Kajiyama)

TOKYO (AP) — Japan’s jobless rate edged higher and industrial production fell slightly in February as consumer prices also fell, underscoring the fragility of the recovery of the world’s third-largest economy.

The government data released Friday showed the main consumer price index fell 0.3 percent from a year earlier as deflation continued to defy the combined efforts of the government and central bank to move toward a 2 percent inflation target. However the CPI was up 0.1 percent from January’s figure.

Unemployment rose to 4.3 percent from 4.2 percent the month Login to read more

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