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Japan Household Spending Spikes 2.8% On Year In August

The average of household spending in Japan was up 2.8 percent on year in August, the Ministry of Internal Affairs and Communications said on Friday - coming in at 292,481 yen.

That beat expectations for an increase of 0.1 percent, which would have been unchanged from July.

The average of monthly income per household stood at 510,437 yen, up an annual 3.6 percent.

Among the individual components of the survey, spending was up for housing, furniture, clothing, medical care, transportation and education. Spending was down for fuel and recreation.

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