Japan Household Spending Slumps 2.9% In December

(RTTNews) - The average of household spending in Japan was down 2.9 percent on month in December, the Ministry of Internal Affairs and Communications said on Friday - coming in at 351,522 yen.

That missed forecasts for a fall of 1.3 percent following the 6.2 percent jump in November.

On an annual basis, household spending slipped 2.6 percent - again shy of expectations for a dip of 0.5 percent following the 2.9 percent increase in the previous month.

The average of monthly income per household stood at 1,207,545 yen, roughly unchanged from the previous year.