Posted by: youngragingbull | March 30, 2013

Japan’s Feb economic figures send mixed-signals

Japanese economic data released Friday showed mixed-signals for the island-nation, with household spending on the rise in spite of persistent deflation and higher unemployment numbers.

The February core consumer price index — which removes volatile fresh-food prices — sat at 0.3% below its year-earlier level, even as the index rose 0.1% from January, the Finance Ministry said.

The drop was slightly less than a 0.4% fall projected in a Dow Jones Newswires survey of economists.

Separate data showed Japan’s unemployment rate rose to 4.3% in February, up from January’s 4.2%, in contrast with forecasts that called for no change in the jobless numbers.

On the bright side, household spending rose a price-adjusted 0.8% in February from a year earlier, beating economists’ expectation for a 0.2% increase.

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