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Weak data puts pressure on Abenomics

Household spending fell by 5.9% y-o-y in July, factory output rise stayed weak at 0.2%

Tokyo PRIME Minister Shinzo Abe's Abenomics policies suffered a further blow to their credibility on Friday, as household spending in Japan slumped by just under 6 per cent in July compared to a year earlier - twice the level expected - in the wake of April's sales tax hike while factory output