Japan's wholesale prices mark record drop in June

[Hannah Bell]

LOS ANGELES (MarketWatch) -- Japan's domestic corporate goods price index, the nation's benchmark measure of wholesale prices, fell a record 6.6% in June from the year-ago period, the Bank of Japan said Friday...the largest on-year tumble on record... Export prices were down 12.8% on year in June, while import prices were 32.2% lower.

"The slide in wholesale prices is highly likely to widen..."

http://www.marketwatch.com/story/japans-wholesale-prices-mark-record-drop-in-june

[charlie]

1. Japan is the counter

to the common notion that massive gov't expenditures inexorably lead to inflation. They've been printing money for decades and battling deflation the whole time.

[Hannah Bell]

2. kick