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September, 25, 2016

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Japan consumer sentiment down in September with stagnant spending

TOKYO -- Japanese consumer sentiment worsened slightly in September, indicating that the nation's household spending remains stagnant, the government said Thursday.

The confidence index of households made up of two or more people stood at 40.1 last month, down from 40.5 in August, the Cabinet Office said in a monthly survey.

Of the index's four components, livelihood, employment conditions and the timing of new durable goods purchases showed declines, while income growth marked slight advances.

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