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JAPAN HOUSEHOLD SPENDING FALLS FOR SECOND MONTH IN TEST FOR BOJ POLICY

  • NEWS Desk Global
  • Nov 8, 2024
  • 1 min read



Japanese household spending fell in September for the second straight month, government data showed on Friday, as higher prices choked consumers' appetite in a discouraging sign for the central bank's plans to hike rates further.

Consumer spending fell 1.1% from the year earlier, against the median market forecast for a 2.1% decline. On a seasonally adjusted, month-on-month basis, it fell 1.3%, versus an estimated 0.7% drop.

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