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Japan govt downgrades consumer spending, exports as economy stutters

Some economists worry that declines in Japanese real wages are causing households to become more cautious about spending, which could mean a prolonged slowdown.


JAPAN'S government lowered its assessment of consumer spending and exports in August, a worrying sign that the economy is seeing just a tepid recovery from a contraction in the April-June quarter.

The government stood by its assessment that Japan's economy is on track to...