Japan Feb household spending falls for 12th month

TOKYO : Japanese family spending fell 0.5 per cent in February from a yr earlier, down for a 12th straight month nevertheless better than the median market forecast for a 3.0 per cent decline, authorities records confirmed on Friday.

When adjusted for the jump yr end of having one extra calendar day on Feb. 29 when put next to usual years, family spending fell 2.7 per cent in February yr-on-yr, in accordance to the authorities’s estimate of the records.

On a seasonally adjusted, month-on-month basis, spending elevated 1.4 per cent, also better than an estimated 0.5 per cent accomplish.