Reported 2 days ago
Japan's household spending increased for the fourth consecutive month in August, with a 2.3% rise compared to the previous year, surpassing economists' predictions of 1.2%. This growth, driven by expenditures on transport and entertainment, indicates consumer resilience amid ongoing inflation pressures. Despite this positive trend, concerns remain as real wages have decreased for seven months, making consistent spending growth a challenge, especially for lower-income households.
Source: YAHOO