KONTAN.CO.ID - TOKYO. Japan's household spending unexpectedly fell in June and summer bonuses declined, data showed on Friday, adding gloom to an economy already struggling with the hit to consumption from a resurgence in coronavirus infections. The figures underscore the challenge policymakers face as they seek to support a fragile economic recovery, while battling a spike in Delta variant cases that has forced Japan to expand state of emergency curbs during the Olympic Games. Household spending fell 5.1% in June from a year earlier, government data showed, confounding market forecasts for a 0.1% gain and marking the first drop in four months.
Japan's household spending unexpectedly falls as firms cut bonuses
KONTAN.CO.ID - TOKYO. Japan's household spending unexpectedly fell in June and summer bonuses declined, data showed on Friday, adding gloom to an economy already struggling with the hit to consumption from a resurgence in coronavirus infections. The figures underscore the challenge policymakers face as they seek to support a fragile economic recovery, while battling a spike in Delta variant cases that has forced Japan to expand state of emergency curbs during the Olympic Games. Household spending fell 5.1% in June from a year earlier, government data showed, confounding market forecasts for a 0.1% gain and marking the first drop in four months.