Japan consumer prices unchanged in February

Tokyo, Jumada II 16, 1437, March 25, 2016, SPA — Consumer prices in Japan were flat in February for the second month in a row amid falling global energy prices, the government said Friday, according to dpa.
The core consumer price index, which excludes fresh food, stood at 102.5 against a base of 100 for 2010, the Ministry of Internal Affairs and Communications said.
It’s been three years since the Bank of Japan introduced aggressive monetary easing to pull the world’s third-largest economy out of deflation, aiming to achieve the 2-per-cent inflation target within 2 years. However, the figure in January is far below the goal.
In January, the central bank decided to adopt negative interest rates to prop up the economy and once again pushed back the timing of clearing the inflation target to the first half of fiscal 2017 from its previous estimate of the second half of fiscal 2016.
–SPA
03:39 LOCAL TIME 00:39 GMT