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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: ild who wrote (17069)	7/30/2004 1:11:39 AM
From: ild	Read Replies (1) \| Respond to of 110194

Japanese Household Spending Falls for Second Month (Update5) July 30 (Bloomberg) -- Japanese households cut spending for a second month in June as wages slid and the economy lost the most jobs in three decades, underscoring concern that consumer demand may be faltering. Spending by households headed by a salaried worker dropped a seasonally adjusted 3.5 percent from May, the statistics bureau said in Tokyo. That compares with the median 1 percent decline forecast in a Bloomberg News survey of 21 economists. Wages have fallen for all but three of the past 36 months, curbing the spending that makes up more than half the world's second-largest economy. Japan is counting on consumers to help fuel a 3.5 percent economic expansion in the year ending March 31, the fastest in eight years. quote.bloomberg.com