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Japanese wholesale prices fall



It posted a 2.2 per cent year-on-year decline as the price of a range of products fell, from non-ferrous metals to steel, according to the Bank of Japan.

The CGPI figures add to mounting evidence that the Japanese economy is becoming one of the biggest casualties of the global financial crisis, in spite of a financial sector that has been relatively shielded from subprime losses.

Consumer prices are also expected to fall as job and wage cuts reduce the level of households’ discretionary spending.

ferrous 鉄の

casualty 負傷者,死者

discretionary 自由裁量の

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