TOKYO (Dow Jones)--Japan's domestic wholesale price index fell 1.4% in November from the year-earlier month, marking the 14th consecutive fall and the biggest drop since July 1999, the Bank of Japan said Monday. Tokyo-based analysts surveyed by Dow Jones forecast the domestic wholesale price index (WPI) would fall 1.2% from the year-earlier month. The decline underscores the steady deflationary pressure stemming from the global IT slump, which continues to weigh on worldwide demand for high-tech goods, aggravated by the terrorist attacks on the U.S. and subsequent anthrax threats. Sluggish demand also continues to pressure prices domestically as banks saddled with dud loans refrain from new lending, which in turn hurts investment. Increased competition and improved efficiency in certain industries has also pushed domestic prices down by lowering costs. WPI also declined 0.2% from October.