(MENAFN) Official data showed that Japanese inflation remained flat while spending surged after 13 months of falls, with analysts predicting more easing ahead, Arab News reported.
Core inflation, excluding volatile fresh food prices, was up 0.1 percent year-on-year, beating market expectations for zero growth but coming still well short of the Bank of Japan's 2.0 percent target.
Separate data from the Internal Affairs Ministry showed household spending rose 4.8 percent in May, posting the first rise since Japan hiked sales taxes in April last year to help pay down a huge national debt.
"Unfortunately, though, there are scant signs that the tighter labor market has resulted in stronger price pressure," an economist at Capital Economics said in a statement.
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