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Japan Inc sounds alarm on consumer spending

Low wage growth, rising food prices pinch households; stuttering economy a growing headache for policymakers

Customers shop inside a clothing store on Takeshita Street in the Harajuku area of Tokyo, Japan, on Tuesday, Sept 22, 2015.


DO NOT believe in official statistics, Japanese retailers seem to be saying, as they cut earnings forecasts and warn of lacklustre consumer spending, a key growth engine for Japan at a time when exports and factory output are stalling.

If you go by the larger-than-expected 2.