Japan inflation slows as oil price falls, keeps BOJ under pressure

Yahoo Finance ^

[Red in Blue PA]

TOKYO (Reuters) - Japanese annual core consumer inflation slowed for a fourth straight month in November due largely to sliding oil prices, highlighting the challenges the central bank faces in achieving its 2 percent inflation target.

Factory output unexpectedly fell and household spending remained weak, separate data showed, suggesting that any rebound in the economy from recession will be mild and fragile.

[entropy12]

And US GDP rises as the cost of Hawaii golf vacation on Air Force 1 is added to GDP.

[Texicanus]

I think lower world petroleum prices will allow them to manufacture and export more products to us at cheaper prices. Meanwhile our economy goes down the tubes because we can’t afford a pipeline that we should have built when it was affordable to get the oil to the refineries.