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Japan shares drop as household spending misses expectations
Tokyo Nikkei 225 down 0.72% at 36,391 points (Il Sole 24 Ore Radiocor) - Tokyo , 06 Sep - Japanese shares closed lower, extending the week's selloff amid weak Asian markets.
The Nikkei was down 0.72% at 36,391 points, dropping to its lowest in more than three weeks after dipping 1.05% yesterday and 4.24% on Wednesday.
Japan's household spending for July missed expectations, rising 0.1% in real terms from the previous year, compared to a 1.2% rise expected from economists polled by Reuters.
The weak data could limit the Bank of Japan's options to raise rates.
In July, Japan's leading index rose to 109.5 from 109.1 in June, according to preliminary data released by the Cabinet Office.
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(RADIOCOR) 06-09-24 08:53:48 (0167) 5 NNNN