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Japanese shoppers spend more in Nov as jobless rate plunges

But BOJ still under pressure to maintain huge monetary support as inflation still far from target of 2 per cent

Behind the improvement is a slow but steady rise in household income. A stock market boom is also giving households more purchasing power, while job availability rose to a nearly 44-year high.


JAPAN'S households spent more than expected in November while consumer inflation ticked up and the jobless rate hit a fresh 24-year low, offering the central bank some hope an economic recovery will drive up inflation to its 2 per cent target.