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Japan Apr Household Spending -4.4% y/y

JAPAN DATA
MNI (Singapore)
  • Average spending by Japanese households with two or more people decreased 4.4% y/y in April, following last 1.9% y/y drop.
  • Spending on food fell 1.1% y/y in April, following last 1.7% y/y fall in March.
  • Spending on fuel, lighting and water rose 1.6% y/y, decelerating from the previous 6.7% y/y increase.
  • The average real income of households with salaried workers fell 1.4% y/y, narrowing from the previous 4.5% y/y decrease.

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