Reported about 6 hours ago
In December, Japan's household spending increased by 2.7% year-on-year, marking its first rise in five months and outperforming forecasts of a 0.5% gain. Month-on-month, spending rose 2.3%, significantly higher than the predicted decline. This rise in consumer spending and wages is being closely monitored by the Bank of Japan, which recently raised interest rates to 0.50%, reflecting confidence in stable inflation around its target amid improving wage trends.
Source: YAHOO