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--Japan Household Spending +2.0% Y/Y; Forecast Median -0.7%
TOKYO (MNI) - Here are five major points from the January Family Income and
Expenditure Survey on Households, released by Japan's Ministry of Internal
Affairs and Communications on Friday.
--Spending by households with two or more people rose 2.0% y/y after
adjusting for two survey method changes, beating the forecast median of -0.7%
seen in the MNI survey, posting the second straight y/y rise.
--The ministry upgraded its view on household spending -- to "showed a sign
of pickup" from "is picking up, but marking time".
--January's rise was led by a pick-up in demand for housing, which
increased by 18.0% y/y. Spending on education also made good contribution by
increasing 17.7% y/y.
--Household spending slowed to 0.7% on a monthly basis.
--The average real income of households with salaried workers climbed to
3.6% y/y from December's 2.3%, the third increase in the last four months.
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