Reported about 6 hours ago
Japan's household spending rose for the fifth consecutive month, increasing 1.8% in September compared to a year prior, driven by transportation and entertainment. However, this was below the expected 2.5% increase. While household expenditures reflect resilience against rising living costs, GDP reports indicate an economic contraction in the third quarter. Prime Minister Sanae Takaichi has proposed an economic support package to assist households amid ongoing inflation and rising living costs.
Source: YAHOO