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Data: Investing.com; Chart: Axios Visuals

The Bank of Japan extended its special support programs for businesses by six months and said it would “conduct an assessment for further effective and sustainable monetary easing” after Japan’s core consumer prices fell at the fastest pace in 10 years in November.

Driving the news: November's core consumer price index decline beat out October's historic decline when consumer prices fell by what was then the fastest pace in 10 years.

By the numbers: Prices excluding fresh food fell 0.9% from a year earlier, and a larger drop in energy costs pushed the core index down further after October’s 0.7% drop.

  • November was the fourth straight month the index has been negative.
  • It was zero the two months prior and negative the two months prior to that.
  • The core price index was last positive in March.

Where it stands: The BOJ plans to conduct an examination into why inflation remains far from its 2% target and is falling.

  • Before the meeting, BOJ governor Haruhiko Kuroda said he was not overly concerned about recent price declines because special factors including the impact of the government’s discount campaigns to help the service sector are temporary and holding down inflation.

Go deeper

Jan 28, 2021 - Health

Drug prices in the U.S. are much higher than in other countries

Illustration: Sarah Grillo/Axios

Prescription drug prices in the U.S. are more than 256% higher than other 32 other countries, with the gap driven by brand-name drugs, a new report by nonpartisan RAND Corporation shows.

The big picture: Drug spending in the U.S. jumped by 76% between 2000 and 2017, and the costs are expected to only increase over the next decade, per the report.

Updated 5 mins ago - Politics & Policy

Jury in Derek Chauvin trial heads into deliberation

The jury of Derek Chauvin's trial went into deliberation Monday following instructions from the judge to "reach a just verdict regardless of what the consequence might be."

Why it matters: The jury's verdict in Chauvin's murder trial is seen by advocates as one of the most crucial civil rights cases in decades.

Merrick Garland: Domestic terror is "still with us"

Photo: Kevin Dietsch/UPI/Bloomberg via Getty Images

In his first major speech, Attorney General Merrick Garland warned the nation Monday to remain vigilant against the rising threat of domestic extremism.

Why it matters: Domestic terrorism poses an "elevated threat" to the nation this year, according to U.S. intelligence. Garland has already pledged to crack down on violence linked to white supremacists and right-wing militia groups.