Economics
Key Gauge of Japan’s Economy Falls to Lowest Since Early 2010
- Coincident index down to 93.3 ahead of Friday’s GDP release
- Household spending shows weakness for third time in 6 months
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A key measure of Japan’s economy fell to a level not seen since the wake of the financial crisis, adding to concerns about the economy ahead of an October sales-tax hike.
The leading coincident index dropped to 93.3 in June, the lowest since February 2010, the Cabinet Office said Tuesday.