Japan Consumption Rebounds by Most Since March Despite Inflation
- Household spending rose for the first time in three months
- Demand was robust despite price gains at a four-decade high
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Japan’s households boosted spending by the most in 10 months despite inflation and falling real wages, signaling some resilience in the economy.
Outlays rose 2.7% in January from the previous month, led by increases in transportation, communication and entertainment, the ministry of internal affairs reported Friday. Outlays declined a touch more than forecast compared to a year ago.