Japan June household spending falls 1.4% year on year
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FILE PHOTO: People wait for change of traffic sign in front of a shop at Ginza shopping district in Tokyo, Japan, May 28, 2022. REUTERS/Kim Kyung-Hoon/File Photo
TOKYO (Reuters) - Japanese consumer spending fell more than expected in June, government data showed on Tuesday.
Consumer spending contracted 1.4% in June from a year earlier, worse than the median market forecast for a 0.9% decline.
On a seasonally adjusted, month-on-month basis, spending increased 0.1% versus an estimated 0.2% uptick.
To view the data on the website of the Ministry of Internal Affairs and Communications, click here: http://www.stat.go.jp/english/data/kakei/index.html
(Reporting by Satoshi Sugiyama; Editing by Jacqueline Wong)
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