World Economy

Consumer Mood Worsens

Consumer Mood WorsensConsumer Mood Worsens

Japanese consumer confidence deteriorated for a third straight month in October, a Cabinet Office survey showed on Tuesday, reflecting a stumbling economy after the April sales tax hike, Reuters said. The survey’s sentiment index for general households, which includes views on incomes and jobs, was 38.9 in October, down from 39.9 in September. It was the lowest reading since April.