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People wait for change of traffic sign in front of a shop at Ginza shopping district in Tokyo, Japan, May 28, 2022. Kim Kyung-Hoon
People wait for change of traffic sign in front of a shop at Ginza shopping district in Tokyo, Japan, May 28, 2022. Kim Kyung-Hoon
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Japan June household spending falls 1.4% year on year

August 5th, 2024 | 23:38 PM MARKETS Asian Markets 1

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By Reuters

Japanese consumer spending fell more than expected in June, government data showed on Tuesday.

Consumer spending contracted 1.4% in June from a year earlier, worse than the median market forecast for a 0.9% decline.

On a seasonally adjusted, month-on-month basis, spending increased 0.1% versus an estimated 0.2% uptick.

To view the data on the website of the Ministry of Internal Affairs and Communications, click here: http://www.stat.go.jp/english/data/kakei/index.html

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  • ECONOMY/SPENDING (URGENT)
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