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MNI BRIEF: Japan June Household Spend Up On Recreation,Housing

(MNI) Tokyo
TOKYO (MNI)

Real average household spending in Japan rose 3.5% y/y in June for the first rise in four months, data released by the Ministry of Internal Affairs and Communications on Friday showed, though average real income of households with salaried workers fell 1.4% on year.

The rise was mainly led by higher spending on culture and recreation, and housing, indicating that consumer spending linked to services is rebounding, (See: MNI BRIEF:BOJ Amamiya Warns On Spending, Overseas Econ, Prices). In monthly terms, real average household spending rose 1.5% in June, for the first rise in two months.

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Real average household spending in Japan rose 3.5% y/y in June for the first rise in four months, data released by the Ministry of Internal Affairs and Communications on Friday showed, though average real income of households with salaried workers fell 1.4% on year.

The rise was mainly led by higher spending on culture and recreation, and housing, indicating that consumer spending linked to services is rebounding, (See: MNI BRIEF:BOJ Amamiya Warns On Spending, Overseas Econ, Prices). In monthly terms, real average household spending rose 1.5% in June, for the first rise in two months.