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

Japan Household Spending Slips 1.2% On Year In June

08/06/2020 - 20:20:00 (RTTNews)

(RTTNews) - The average of household spending in Japan was down 1.2 percent on year in June, the Ministry of Internal Affairs and Communications said on Friday - coming in at 273,699 yen.

That beat forecasts for a decline of 7.5 percent following the 16.2 percent tumble in May.

The average of monthly income per household stood at 1,019,095 yen, up 15.6 percent on year.

On a monthly basis, household spending surged 13.0 percent - beating forecasts for a gain of 7.5 percent after slipping 0.1 percent in the previous month.

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