Japanese core consumer prices fall more than expected in July

Japanese consumer prices fell more than expected in July, triggering some market-chatter around the need for further stimulus from the Bank of Japan.

Core consumer prices, which strip out the impact from changes in food prices, in Asia´s second largest economy, dropped by 0.5% year-on-year last month.

Economists had expected a decline of 0.4%.

In Tokyo, data released on Friday showed core consumer prices decreased at a 0.4% year-on-year pace in August, in comparison to the -0.3% fall which economists had penciled in.