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Japan’s July household spending falls 5% year on year

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Published Tue, Sep 5, 2023 · 07:54 AM
    • On a seasonally adjusted, month-on-month basis, household spending in Japan fell 2.7 per cent, which compared with a forecast of 0.7 per cent gain.
    • On a seasonally adjusted, month-on-month basis, household spending in Japan fell 2.7 per cent, which compared with a forecast of 0.7 per cent gain. PHOTO: BLOOMBERG

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    JAPANESE household spending in July fell 5.0 per cent from a year earlier, a fifth month of decline that compared with a median market forecast for a 2.5 per cent decline, government data showed on Tuesday.

    On a seasonally adjusted, month-on-month basis, household spending fell 2.7 per cent, which compared with a forecast of 0.7 per cent gain. REUTERS

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