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2026-04-09 13:35:03
[Japanese Consumer Confidence Drops for First Time in Three Months in March Due to Impact of Iran War] (1) A Japanese government survey showed that the consumer confidence index was 33.3 in March, down 6.4 points from February, marking the first decline in three months and the largest monthly drop since the COVID-19 pandemic began in April 2020. (2) The government stated that consumer confidence is weakening and downgraded its assessment from the previous month (which had previously indicated signs of improvement). (3) Soaring fuel costs are impacting the fragile economic recovery, and this result, along with other recent data, highlights the economic impact of the Middle East war, further complicating the Bank of Japan's decision on whether to raise interest rates in April.
