Reported about 9 hours ago
Japan's household spending surged by 2.7% in December, marking the highest growth since August 2022, driven by significant wage increases from bonuses. This rise in consumption reflects improved consumer confidence despite inflation pressures, with nominal spending increasing by 7% year-over-year. The data poses questions about the sustainability of this growth, as real wages also climbed for the second month in a row. The Bank of Japan remains optimistic about consumer spending's impact on the economy.
Source: YAHOO