Japan Nov household spending falls 2.9% year/year
A man chooses electronic parts at a shop at Akihabara district in Tokyo, Japan October 28, 2022. REUTERS/Kim Kyung-Hoon/File Photo
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TOKYO : Japanese household spending in November fell 2.9 per cent from a year earlier, down for nine months in a row, government data showed on Tuesday.
That was worse than the median market forecast for a 2.3 per cent decline.
On a seasonally adjusted, month-on-month basis, spending decreased 1.0 per cent, versus an estimated 0.2 per cent rise.
Source: Reuters