Japan Household Spending Tumbles 8.0% In May

Japan Household Spending Tumbles 8.0% In May

27 June 2014, 12:00
Sergey Golubev
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The average of household spending in Japan was down 8.0 percent on year in May, the Ministry of Internal Affairs and Communications said on Friday - standing at 271,411 yen.

USDJPY M5 chart during JPY - Household Spending news event

That was well shy of forecasts for a decline of 2.1 percent on year following the 4.6 percent contraction in April.

The average of monthly income per household stood at 421,117 yen, down 4.6 percent on year.

The average of consumption expenditures per household was 293,050 yen, down 8.8 percent on year.

USDJPY M5 chart after JPY - Household Spending news event

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