Economic Buzz: March Household Spending Surges In Japan

10 May 2022 , 11:02 AM

According to the Ministry of Internal Affairs and Communications, the average of household spending in Japan was up a seasonally adjusted 4.1 percent on month in March, coming in at 307,261 yen. That beat expectations for an increase of 2.6 percent following the 2.8 percent decline in February. On a yearly basis, household spending fell 2.3 percent – again topping forecasts for a decline of 2.8 percent following the 1.1 percent increase in the previous month. The average of monthly income per household stood at 503,128 yen, up 2.3 percent on year.Powered by Commodity Insights