Japan household spending, wages slump as Covid-19 pain lingers

Sat, Nov 07, 2020 - 5:50 AM

Household spending fell 10.2 per cent in September from a year earlier, marking the fourth biggest drop on record.

PHOTO: REUTERS

Tokyo

JAPAN'S household spending slumped in September from a year earlier and real wages slid for the seventh straight month, data showed on Friday, a sign that sluggish domestic demand will continue to drag on any recovery in the world's third-largest economy.

The data underscores...

To continue reading

for full content

if you are a subscriber

Get our introductory offer at only

$0 .99*/month

Cancel anytime

*$0.99/month for first 3 months

$29.90/month for the next 9 months

Need help?

CALL +65 6388 3838 EMAIL btocs@sph.com.sg

OPERATING HOURS (+8 GMT) MON-FRI: 8:30AM-5:30PM

Register to read this article. Log in if you are already a subscriber. Register to read this article. Log in if you are already a subscriber. Please log in or subscribe to continue reading.