Japan reported significant decline in household spending in January, marking the 11th consecutive month of contraction. The decrease of -6.3% yoy was well below expectation of -4.3% yoy, representing the steepest annual drop since February 2021. Furthermore, on a seasonally adjusted month-on-month basis, spending fell by -2.1%, starkly contrasting with the expected 0.4% increase. The […]
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