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Japan household spending falls but wage growth hits 21-year high

Updated : August 07, 2018 07:10 AM IST

Household income marked the fastest gain in three years on gains in temporary workers' pay, offering some hope for Bank of Japan policymakers struggling to accelerate inflation to their elusive 2 percent target.
Household spending fell 1.2 percent in June from a year earlier, government data showed on Tuesday, marking the fifth straight month of declines.
The figures come ahead of Friday's release of second-quarter gross domestic product (GDP) data, which will likely show the economy expanded an annualised 1.4 percent after contracting in the previous quarter.
Japan household spending falls but wage growth hits 21-year high
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