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Financial News: Japan Household Spending Surges 13.0% On Year In

Japan Household Spending Surges 13.0% On Year In April

06/03/2021 - 19:41:00 (RTTNews)

(RTTNews) - The average of household spending in Japan was up 13.0 percent on year in April, the Ministry of Internal Affairs and Communications said on Friday - coming in at 310,043 yen.

That blew away forecasts for an increase of 9.3 percent following the 6.2 percent gain in March.

On a monthly basis, household spending rose 0.1 percent - again exceeding expectations for a decline of 2.2 percent following the 7.2 percent jump in the previous month.

The average of monthly income per household stood at 543,063 yen, up 2.8 percent on year.

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