Consumer prices in Japan were down 0.4 percent on year in October, the Ministry of Communications and Internal Affairs said on Friday.

That missed expectations for a decline of 0.3 percent following the flat reading in September.

Core CPI, which excludes volatile food prices, tumbled 0.7 percent on year – in line with expectations following the 0.3 percent drop in the previous month.

On a seasonally adjusted monthly basis, overall inflation lost 0.4 percent and core CPI eased 0.2 percent.

Individually, the biggest declines came from food, fuel, communications and recreation.

The material has been provided by InstaForex Company –

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