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Japan's Nov household spending slides for 9th straight month

Government still far from inflation goal as consumer prices follow downward trend
Wednesday, December 28, 2016 - 05:50

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Weak personal consumption trends suggest that the world's third-largest economy will have to depend on investment to meet the 1.5 per cent growth target set by the Ministry of Finance for 2017.

Tokyo

JAPAN'S consumer spending is set to end 2016 on a downbeat note, according to latest data from the Ministry of Internal Affairs and Communications which showed household spending falling for a ninth consecutive month in November, reflecting a preference to save rather than spend.

sentifi.com

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