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Japan Household Spending Tumbles 16.2% In May

The average of household spending in Japan was down 16.2 percent on year in May, the Ministry of Internal Affairs and Communications said on Tuesday – coming in at 252,017 yen.

That missed expectations for a drop of 12.2 percent following the 11.1 percent decline in April.

On a monthly basis, household spending fell 0.1 percent – missing expectations for a gain of 1.8 percent following the 6.2 percent slide in the previous month.

he average of monthly income per household stood at 502,403 yen, up 9.8 percent on year.

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