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2013.09.0902:29:00UTC+00Japan's Consumer Confidence Weakens For Third Month

Japan's consumer confidence deteriorated for the third successive month in August, contrary to economists' forecast for an improvement, latest data showed Monday.

The consumer confidence index dropped to 43 in August from 43.6 in July, the Cabinet Office said. In June and May, the readings were 44.3 and 45.7 respectively. The index was forecast improve to 44 in August.

Among sub-components, the overall livelihood index dropped to 40.7 in August from 41.6 a month ago. Similarly, the measure of income growth eased to 40.2 from 41, and the sub-index for employment decreased to 46.9 from 47.7 in July.

Meanwhile, the indicator of households' willingness to buy durables moved up to 44.3 in August from 44 in the previous month.

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