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Japan Nov household spending unexpectedly falls 1.2% year/year

By:
Reuters
Published: Jan 9, 2023, 23:52 GMT+00:00

TOKYO (Reuters) - Japanese household spending fell 1.2% in November from a year earlier, government data showed on Tuesday, versus a median market forecast for a 0.5% gain.

People wear protective masks in a shopping district amid the coronavirus disease (COVID-19) outbreak in Tokyo

TOKYO (Reuters) – Japanese household spending fell 1.2% in November from a year earlier, government data showed on Tuesday, versus a median market forecast for a 0.5% gain.

On a seasonally-adjusted month-on-month basis, household spending decreased 0.9% in November, compared with an estimated 0.5% decline.

To view the data on the website of the Ministry of Internal Affairs and Communications, click here:

(Reporting by Kantaro Komiya; Editing by Chris Reese)

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