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--Japan Feb Consumer Confidence Index 38.4 Vs Jan 39.1
--Japan Govt Lowers View: Consumer Confidence marking Time
TOKYO (MNI) - Japan's February consumer confidence index stood a seasonally
adjusted 38.4, down from 39.1 in January, the latest Consumer Confidence Survey
published by the Cabinet Office showed Tuesday.
--The drop came after an unchanged reading in January that followed a 0.4
point rise in December. The index highlighted a bright outlook for purchases of
durable goods and for the labour market, although the outlook was less rosy for
income and overall economic well-being.
--The Cabinet Office lowered its assessment from the previous month, saying
consumer confidence is "marking time." The previous view was "improving".
--Consumers were more pessimistic on all four key sentiment sectors;
overall economic well-being, labor market condition, income conditions, and the
next six months would be good time to buy durable goods.
--The sub-index on asset prices, not included in calculating overall
consumer confidence, fell 0.1 points to 40.3 after rising 0.7 points to 40.4 in
--The share of respondents projecting consumer price gains fell to 76.5% in
January, after falling 0.6 points to 78.2% in January. The share of respondents
forecasting lower prices rose to 5.5% in February from 4.8% in January, for the
second straight rise.
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