Japan's household spending falls for fourth straight month, signaling economic fragility.

Japan's household spending fell 0.4% in November, the fourth consecutive month of decline. Spending on home appliances, food, clothing, and entertainment dropped, though housing costs rose 18.7%. Despite wage increases, inflation continues to outpace pay raises, with real wages falling for the fourth straight month. This economic fragility may deter the Bank of Japan from raising interest rates further.

2 months ago
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