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The government on Thursday lowered its key index to measure economic conditions in the near future, reflecting weakening consumer confidence amid the diminishing effects of the country’s fiscal stimulus measures.

The composite index of leading indicators, which predicts developments in the following several months, came to 100.6 in November, downgraded from an earlier reported 101.0, the Cabinet Office said.

Although this still represented a rise from 97.7 in October, slower consumer spending and a fall in machinery orders, which suggests that a slowdown in production is coming, had a negative impact on the economic outlook.

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