Japan October household spending falls 1.3% y/y, better than expected

TOKYO (Reuters) – Japanese household spending dropped 1.3% in October from a year earlier, government data showed on Friday.

That compared with the median market forecast for a 2.6% decline.

On a seasonally adjusted, month-on-month basis, spending increased 2.9%, versus an estimated 0.4% uptick.

To view the data on the website of the Ministry of Internal Affairs and Communications, click here: http://www.stat.go.jp/english/data/kakei/index.html