Japan's household spending likely declined 2.4% YoY.

Japan's household spending likely declined at a faster pace in March, according to a Reuters poll, with spending set to fall 2.4% year-on-year, marking the 13th consecutive month of decline. Cooler weather and a Toyota scandal may have contributed to the drop in spending on clothing and services. Analysts expect real consumption to fall 1.8% in Q1, swinging from a 0.7% increase in Q4 2023.

May 02, 2024
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