Household spending in Japan climbs 2.9% year-on-year in August

Market news

2 October 2015

Household spending in Japan climbs 2.9% year-on-year in August

Japan's Ministry of Internal Affairs and Communications released its household spending data on late Thursday evening. The household spending in Japan increased 2.9% year-on-year in August, exceeding expectations for a 0.4% rise, after a 0.2% fall in July.

The increase was driven by higher car purchases.

U.S.: Average workweek, September 34.5 (forecast 34.6)

Japan’s unemployment rate rises to 3.4% in August

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