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Japan Feb Household Spending -6.6% y/y; 3rd Monthly Fall

JAPAN DATA
MNI (Singapore)
  • Average monthly spending by Japanese households with two or more people decreased 6.6% y/y in February, following the 6.1% decrease the previous month.
  • Spending on food dropped 4.2% y/y in February, after falling 2.2% y/y in January.
  • Spending on fuel, lighting and water rose 3.5% y/y, slower than the 5.5% gain registered in January.
  • The average real income of households with salaried workers rose 0.1% y/y in February, quicker than the 2.5% y/y decline reported last month.

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