Reported 6 months ago
In Japan, households increased spending for the first time in 14 months, indicating a potential shift in private consumption that may positively impact economic growth. This rise in real outlays by 0.5% in April from a year ago is seen as a result of wage increases, tax rebates, and improvements in consumer sentiment, potentially signaling an end to the drag on the economy caused by declining consumer spending. The positive trend suggests a potential turnaround for Japan's economy, supported by factors such as rising wages, tax rebates, and promising wage negotiations.
Source: YAHOO