The average of household spending in Japan was down 2.9 percent on month in December, the Ministry of Internal Affairs and Communications said on Friday – coming in at 351,522 yen.
That missed forecasts for a fall of 1.3 percent following the 6.2 percent jump in November.
On an annual basis, household spending slipped 2.6 percent – again shy of expectations for a dip of 0.5 percent following the 2.9 percent increase in the previous month.
The average of monthly income per household stood at 1,207,545 yen, roughly unchanged from the previous year.
For comments and feedback contact: editorial@rttnews.com
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.
