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Japan consumption rebounds, but rising food costs complicate BOJ's task

While household spending rose 4.8% in May, core consumer inflation was up 0.1%

LOOKING TO MAKE A SALE: Retailers are cautiously optimistic about consumption but analysts warn that pay rises have been too modest to make up for steadily rising living costs.


JAPAN'S household spending rose in May for the first time in more than a year, and a robust jobs market fuelled hopes that companies will begin lifting wages needed to spark inflation towards the central bank's ambitious 2 per cent goal.

The rebound offers some relief to the...

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