Japan's household spending in August fell a real 3.1% from a year earlier, government data showed Friday, in the Statistics Bureau survey of two-or-more-person households dated 9 October. [E1][E2][E3]
Japanese household spending fell for a ninth consecutive month in August, government data showed on Friday. [E5] Since the paper last treated Japanese household demand, in the 17 August GDP accounts, this is a new monthly survey print, not a revision of that quarter.
The Ministry of Internal Affairs and Communications said households of two or more people spent an average of 310,975 yen. [E4]
On a seasonally adjusted month-on-month basis, spending rose 0.1%, short of the 0.5% increase expected and slower than July's 0.5% gain. [E6]
Figures released on Wednesday showed Japanese real wages, which adjust pay for inflation, rose for an eighth consecutive month in August. [E7]
InvestingLive said that improvement has yet to translate into a recovery in spending. [E8]