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Japan household spending logs surprise 1.3% drop in April: govt

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Japanese household spending logged a surprise drop in April, falling 1.3 per cent year-on-year, official data showed Friday.

[TOKYO] Japanese household spending logged a surprise drop in April, falling 1.3 per cent year-on-year, official data showed Friday.

Household spending extended its falling streak to the 13th consecutive month despite market expectations that it would turn up for the first time since the government raised the sales tax in April 2014.

AFP

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