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Financial News: Japan Household Spending Jumps 11.6% On Year In

Japan Household Spending Jumps 11.6% On Year In May

07/05/2021 - 19:45:00 (RTTNews)

(RTTNews) - The average of household spending in Japan was up 11.6 percent on year in May, the Ministry of Internal Affairs and Communications said on Tuesday - coming in at 281,063 yen.

That beat forecasts for an increase of 10.9 percent following the 13.0 percent spike in April.

On a monthly basis, household spending was down 2.1 percent - but that beat expectations for a decline of 3.7 percent following the 0.1 percent gain in the previous month.

The average of monthly income per household stood at 489,019 yen, down 2.6 percent on year.

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