Financial News: Japan Household Spending Climbs 0.3% In September

Japan Household Spending Climbs 0.3% In September

11/06/2023 - 20:10:00 (RTTNews)

(RTTNews) - The average of household spending in Japan was up 0.3 percent on month in September, the Ministry of Internal Affairs and Communications said on Tuesday - coming in at 282,969 yen.

That beat forecasts for a decline of 0.4 percent following the 3.9 percent increase in August.

On a yearly basis, household spending sank 2.8 percent - shy of estimates for a decline of 2.7 percent after slipping 2.5 percent a month earlier.

The average of monthly income per household stood at 487,499 yen, down 5.8 percent on year.

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