2023.02.0622:37:00UTC+00Japan Household Spending Sinks 1.3% On Year In December

The average of household spending in Japan was down 1.3 percent on year in December, the Ministry of Internal Affairs and Communications said on Tuesday.

That missed forecasts for a decline of 0.,2 percent following the 1.2 percent annual drop in November.

On a monthly basis, household spending slipped 2.1 percent - again shy of expectations for a gain of 0.3 percent following the 0.9 percent decline a month earlier.

The average of monthly income per household stood at 1,150,808 yen, down 0.4 percent on year.

Overall wages were up 4.8 percent in December, while overtime pay increased 3 percent.