Drop in Japan's July household spending less than expected; jobless rate at 21-year low
Wed, Aug 31, 2016 - 5:50 AM
Retail sales slid 0.2 per cent in July, less than a median forecast of 0.9 per cent. Economists say households have been keeping their purse strings tight since the sales-tax increase in 2014.
JAPANESE household spending fell less than expected in July and the jobless rate hit a two-decade low, offering some hope for policymakers battling to pull the world's third-largest economy out of stagnation.
But with the economy barely growing and inflation sliding further...