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Japan posts upbeat February economic data

From marketwatch.com

Japanese data surprised to the upside Friday, as consumer prices rose, unemployment eased, and household spending increased more than expected. The February jobless rate slipped to 4.5% from January's 4.6%, the Internal Affairs Ministry reported. The result beat expectations from a Dow Jones Newswires poll, which had tipped no change. The core consumer price index, which strips out fresh-food costs, rose 0.1% from a year earlier, or 0.2% from the previous month, the ministry said, marking the first such gain in prices in five months. A Dow Jones Newswires survey had called for mild deflation of 0.1%. Spending by ... (full story)

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