Japan Household Spending Slips 1.1% On Year In September
(RTTNews) - The average of household spending in Japan was down 1.1 percent on year in September, the Ministry of Economy, Trade and Industry said on Friday - coming in at 287,963 yen.
That beat forecasts for a decline of 1.8 percent following the 1.9 percent drop in August.
On a monthly basis, spending fell 1.3 percent - shy of expectations for a decline of 0.7 percent following the 2.0 percent increase in the previous month.
The average of monthly income per household stood at 493,942 yen down 1.6 percent on year.
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Japan Services PMI Falls To 49.7 In October - Jibun
The services sector in Japan fell into contraction territory in October, the latest survey from Jibun Bank revealed on Wednesday with a services PMI of 49.7.
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BoJ Minutes: Japan Economy Shows Modest Recovery
members of the Bank of Japan's Monetary Policy Board agreed that Japan's economy has recovered modestly, and is expected to continue to do so, minutes from the board's September 19-20 monetary policy meeting revealed on Wednesday.
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Japan Manufacturing PMI Slips To 49.2 In October - Jibun
The manufacturing sector in Japan continued to contract in October, and at a faster rate, the latest survey from Jibun Bank revealed on Friday with a manufacturing PMI score of 49.2.
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The Bank of Japan left its key interest rate unchanged as widely expected on Thursday and retained a cautious approach as political instability and looming US presidential election added concerns about economic outlook. In a unanimous vote, the Policy Board decided to maintain the uncollateralized overnight call rate to remain at around 0.25 percent. This was the highest since late 2008.
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Japan Retail Sales Gain 0.5% On Year In September
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Japan Industrial Output Climbs 1.4% In September
Industrial production in Japan was up a seasonally adjusted 1.4 percent on month in September, the Ministry of Economy, Trade and Industry said on Thursday.
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Japan Jobless Rate Falls To 2.4% In September
The unemployment rate in Japan came in at a seasonally adjusted 2.4 percent in September, the Ministry of Internal Affairs and Communications said on Tuesday.
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Tokyo Inflation Falls Below 2%
Inflation in Japan's capital Tokyo fell below 2 percent for the first time since May, data from the Ministry of Internal Affairs and Communications showed Friday. Excluding fresh food, consumer price inflation weakened to 1.8 percent in October from 2.0 percent in September. Inflation was seen at 1.7 percent. The rate fell below 2.0 percent for the first time in five months.
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