Japan – Nov Household Spending
11/01/2019 11:09 am MYT
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On a month-on-month basis, nominal and real monthly expenditures for two-or-more-person households in Nov rose by 1.1%. On a year-on-year basis, nominal household spending rose slightly by 0.4%, while real household spending slipped by 0.6%. Meanwhile, year-on-year nominal and real worker households’ spending fell by 0.5 % and 1.5 % respectively. The average propensity to consume for workers’ households rose slightly from 70.0% in Oct to 70.6% in Nov, albeit remaining at a low level – see figure 1. Given consumers’ weak willingness to spend, household spending should stay weak in the coming months.

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