Reported 17 days ago
According to government data, Japanese household spending decreased for the second consecutive month in September, falling by 1.1% year-on-year and 1.3% month-on-month. This decline, attributed to rising prices affecting consumer behavior, poses challenges for the Bank of Japan's plans to raise interest rates. Concurrently, inflation-adjusted wages also continued to drop, which, combined with the yen's depreciation, suggests a potential slowdown in Japan's economy.
Source: YAHOO