Reported about 10 hours ago
Japan's household spending has decreased for the fourth month in a row as rising inflation impacts purchasing power, posing challenges for the Bank of Japan's interest rate decisions. Inflation-adjusted spending fell 0.4% in November compared to last year, despite a nominal increase of 3%, as real wages continue to decline. The situation suggests that consumers remain hesitant to increase spending, prompting caution from the central bank regarding potential rate hikes.
Source: YAHOO