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Japan Nov Household Spending -2.9% y/y

JAPAN DATA
MNI (Singapore)
  • Average spending by Japanese households with two or more people decreased 2.9% y/y in November, following last 2.5% y/y drop, marking the ninth consecutive fall.
  • Spending on food fell 1.2% y/y in November, slower than last 4.4% y/y fall in October.
  • Spending on fuel, lighting and water fell 0.8% y/y, following the previous 2.1% y/y decrease.
  • The average real income of households with salaried workers fell 4.7% y/y, narrowing from the previous 5.2% y/y decrease.

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