Read more

The average of household spending in Japan was up 11.6 percent on year in May, the Ministry of Internal Affairs and Communications said on Tuesday – coming in at 281,063 yen.

That beat forecasts for an increase of 10.9 percent following the 13.0 percent spike in April.

On a monthly basis, household spending was down 2.1 percent – but that beat expectations for a decline of 3.7 percent following the 0.1 percent gain in the previous month.

The average of monthly income per household stood at 489,019 yen, down 2.6 percent on year.


Please enter your comment!
Please enter your name here