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 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.