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Japan April household spending rises 2.6 pct yr/yr

From reuters.com

Japanese household spending rose 2.6 percent in April from a year earlier in price-adjusted real terms, go vernment data showed on Tuesday, as consumer sentiment steadily recovers a year after a devastating earthquake. The rise was slightly bigger than the median market forecast for a 2.4 percent annual rise, and followed a 3.4 percent increase in the year to March. Spending fell 0.8 percent from March in seasonally adjusted terms as households spent an average 301,948 yen ($3,800), the Ministry of Internal Affairs and Communications said on Tuesday. Spending by wage earner households rose 3.8 percent in April from ... (full story)

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