Japan household spending falls more than expected in September, down 6.8% year on year
FROM THE WIRE · FINANCE.YAHOO.COM
Investing.com-- Japanese household spending fell more than expected in September, declining for a 10th consecutive session as adverse weather and sustained weakness in the yen dissuaded private spending. Still guessing which stocks will beat the market? Our AI portfolio updates…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishA sharper-than-expected drop in household spending weighs on Japan's growth outlook and the Nikkei.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Household spending fell 6.8% year on year, versus an expected 3.1% decline.
- 02It is the largest fall since September 2020.
- 03On a seasonally adjusted monthly basis spending fell 2.8%.