Japan's January household spending falls 5.1% vs year ago
[TOKYO] Japanese household spending fell 5.1 per cent in January from a year earlier, government data showed on Friday, in a worrying sign consumer spending remains weak.
The fall was more than economists' median estimate of a 4.1 per cent decline.
Spending fell 0.3 per cent in January from the previous month, the Ministry of Internal Affairs and Communications said on Friday, versus the median estimate of a 0.4 per cent increase.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Chinese firms are investing abroad at fastest pace in eight years
Sri Lanka’s economy expected to grow 3% in 2024, central bank says
Yellen says US can bring inflation down without hurting jobs
US dollar briefly falls versus yen after GDP data
US weekly jobless claims unexpectedly fall
US economic growth slows more than expected in Q1