Friday, 18 April 2014

Japanese consumer confidence falls, economic assessment lowered

Japan has been hit by bad news for its economy.

On Thursday, the Cabinet Office reported that its consumer confidence index fell to 37.5 in March, the lowest level since August 2011, from 38.5 in February.

On the same day, the government cut its assessment of the economy in April, the first lowering since November 2012.

On Friday, the Ministry of Economy, Trade and Industry reported that its tertiary industry index fell 1.0 percent in February, more than reversing the 0.9 percent increase in January.

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