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Japan consumers cautious about economy and prices

Published on Jan 16, 2013 3:33 PM

TOKYO (REUTERS) - Japanese consumer confidence slightly worsened in December, suggesting consumers remain cautious despite some data showing signs of the economy bottoming out.

The survey also showed 59.6 per cent of the respondents think prices will rise over 12 months, steady from the previous month, with new Prime Minister Shinzo Abe's aggressive stance on fiscal and monetary policy yet to have an material impact on consumers'price expectations.

The survey's sentiment index for general households, which includes views on incomes and jobs, inched down to 39.2 last month from 39.4 in November, data from the Cabinet Office showed on Wednesday.

A reading below 50 suggests consumer pessimism.

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