Japan Consumer Confidence Drops to Lowest Since 2011
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Japan’s consumer confidence fell to the lowest level since August 2011, and the government cut its economic assessment for the first time in 17 months, as a sales-tax increase on April 1 sapped the public’s spending power.
The March confidence reading of 37.5 fell by 1 from the previous month, the Cabinet Office said in Tokyo today. About 90 percent of respondents to the survey saw prices rising over the next 12 months -- the most in comparable data back to 2004.