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.
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