Financial News: Japan Household Spending Slips 1.1% On Year In

Japan Household Spending Slips 1.1% On Year In September

11/07/2024 - 18:46:00 (RTTNews)

(RTTNews) - The average of household spending in Japan was down 1.1 percent on year in September, the Ministry of Economy, Trade and Industry said on Friday - coming in at 287,963 yen.

That beat forecasts for a decline of 1.8 percent following the 1.9 percent drop in August.

On a monthly basis, spending fell 1.3 percent - shy of expectations for a decline of 0.7 percent following the 2.0 percent increase in the previous month.

The average of monthly income per household stood at 493,942 yen down 1.6 percent on year.

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