(RTTNews) - The average of household spending in Japan was down 3.0 percent on year in October, the Ministry of Internal Affairs and Communication...

TOKYO, Dec 5 : Japanese household spending unexpectedly fell 3.0 per cent in October from a year earlier, government data showed on Friday, worse than the median market forecast for a 1.0 per cent rise.On a seasonally adjusted, month-on-month basis, spending dropped 3.5 per cent, versus an estimated 0.7 per c

TOKYO, Dec 5 : Japanese household spending unexpectedly slumped at the fastest pace in nearly two years in October, government data showed Friday, raising concerns about the economic outlook as the Bank of Japan gears up for a rate hike as early as this month. Consumer spending fell 3.0 per cent in October f