Japan Household Spending Tumbles 3.1% In January

The average of household spending in Japan was down 3.1 percent on year in January, the Ministry of Internal Affairs and Communications said on Tuesday – coming in at 280,973 yen.

That missed forecasts for a decline of 2.7 percent following the 4.4 percent contraction in December.

The average of monthly income per household stood at 434,330 yen, down 1.3 percent on year.

The average of consumption expenditures per household was 312,331 yen, down 2.6 percent on year.

The material has been provided by InstaForex Company – www.instaforex.com