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Japan Household Spending +2.3% On Year In February

3/29/2012 8:29 PM ET

Average household spending in Japan was up 2.3 percent on year in February, the Ministry of Internal Affairs and Communications said on Friday, standing at 267.895 yen.

That blew past expectations for a 0.5 percent contraction following the 2.3 percent decline in January.

The average of monthly income per household stood at 483,514 yen, up 2.5 percent on year.

The average of consumption expenditures was 292,949 yen, up 2.9 percent on year.

by RTT Staff Writer

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