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Business

Japan household spending logs surprise 1.3% drop in April: govt

Published: 29 May 2015 - 12:42 pm | Last Updated: 13 Jan 2022 - 05:26 pm


Tokyo - Japanese household spending logged a surprise drop in April, falling 1.3 percent year-on-year, official data showed Friday.

Household spending extended its falling streak to the 13th consecutive month despite market expectations that it would turn up for the first time since the government raised the sales tax in April 2014.

AFP