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Japan's economy still moribund despite Abenomics

By Cai Hong | China Daily | Updated: 2016-07-04 08:18

Data released in Tokyo last week paint a grim picture of Japan's economy and population.

Statistics released by Bank of Japan on Friday showed that household spending dipped for the third straight month in May, and core consumer prices suffered their greatest annual drop since 2013.

Household spending figures are a key indicator of private consumption, which accounts for about 60 percent of Japan's gross domestic product.

Japan's economy still moribund despite Abenomics

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