Reported about 1 month ago
Japanese household spending increased by only 0.1% year-on-year in July, significantly lower than the anticipated 1.2% growth, as consumers remain cautious amid rising prices. Monthly adjusted figures showed a 1.7% drop in spending. Despite wage growth from summer bonuses contributing to consumer confidence, experts worry about the sustainability of real wage increases moving forward. The Bank of Japan continues to monitor these trends, considering them essential for future interest rate decisions.
Source: YAHOO