The average of household spending in Japan was up 0.8 percent on year in January, the Ministry of Internal Affairs and Communications said on Tuesday - coming in at 305,521 yen.
That missed forecasts for an increase of 3.7 percent and was down from 2.7 percent in December.
On a monthly basis, household spending slumped 4.5 percent - agan missing forecasts for a decline of 1.9 percent after rising 2.3 percent in the previous month.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.