Financial News: Japan Household Spending Slips 1.2% On Year In

Japan Household Spending Slips 1.2% On Year In March

05/09/2024 - 20:21:00 (RTTNews)

(RTTNews) - The average of household spending in Japan was down 1.2 percent on year in March, the Ministry of Internal Affairs and Communications said on Friday - coming in at 318,713 yen.

That beat forecasts for a decline of 2.3 percent following the 0.5 percent drop in February.

On a seasonally adjusted monthly basis, household spending rose 1.2 percent - again topping expectations for a loss 0.3 percent following the 1.4 percent increase in the previous month.

The average of monthly income per household stood at 513,734 yen, down 0.1 percent on year.

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