Japan Household Spending Declines 2.3% In January
According to Japanese government data, household spending dropped in January.
January real spending by households of two or more people fell 2.3% y/y, according to the Ministry of Internal Affairs. However, analysts were expecting a 0.8% decline in spending.
The core consumer price index, excluding volatile fresh-food costs, declined 0.1% y/y, versus estimates for a 0.2% decline. Core CPI fell 0.2% month-on-month. Overall CPI climbed 0.1% y/y and 0.2% versus December.
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