Japan's household spending declined for the third straight month in February, the Ministry of Internal Affairs and Communications reported Tuesday.
Household spending dropped 1.8 percent month-on-month in February, a sharper decline than the 1.0 percent decrease in January. This was the third consecutive fall and worse than forecast of a 0.7 percent decline.
Spending on food dropped 0.5 percent, while expenditure on entertainment grew 10.8 percent.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.