Reported 4 months ago
Japan is expected to see its household spending rise year-on-year for the first time in 14 months, with a predicted 0.6% increase in April following a decline in March. The slow growth is indicative of ongoing weakness in the consumer sector, as highlighted by Takeshi Minami, chief economist at Norinchukin Research Institute. The Bank of Japan's recent rate hike and concerns over weak private consumption are key points in the country's economic landscape.
Source: YAHOO