Japan Household Spending Climbs 2.7% In January
(RTTNews) - The average of household spending in Japan was up a seasonally adjusted 2.7 percent on month in January, the Ministry of Internal Affairs and Communications said on Friday - coming in at 301,646 yen.
That exceeded expectations for an increase of 1.4 percent following the 2.1 percent contraction in December.
On a yearly basis, household spending slipped 0.3 percent - missing forecasts for a drop of 0.1 percent following the 1.3 percent decline in the previous month.
The average of monthly income per household stood at 495,706 yen, down 1.7 percent on previous year.
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