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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: russwinter who wrote (14883)11/5/2004 12:39:19 AM
From: mishedlo  Read Replies (1) of 116555
 
Japan Sept household spending down real 1.0 pct yr-on-yr, 2nd drop in 4 months
Friday, November 5, 2004 5:25:39 AM
afxpress.com

TOKYO (AFX) - Household spending in Japan fell a real 1.0 pct in September from a year earlier, the second decline in four months, the Ministry of Public Management said. Compared to the previous month, spending fell a seasonally adjusted 1.9 pct

On a nominal basis, overall household spending in September fell 0.9 pct from a year earlier. Household spending averaged 287,624 yen in September

Last Friday the government reported that spending in September by households headed by salaried workers rose a real 0.3 pct year-on-year. Households headed by salaried workers, as opposed to those headed by the self-employed, pensioners or the unemployed, account for about 60 pct of total household spending in Japan
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