Japan July household spending down 1.3 pct
Spending by households in July dropped 1.3 pct in real terms from a year before to an average 292,328 yen, declining for the seventh straight month, the Ministry of Internal Affairs and Communications said.The fall was smaller than what the market had expected. A Nihon Keizai Shimbun poll of 18
brokerage and research firms were looking for a year-on-year drop of 1.5 pct.
The overall income of households rose 5.9 pct year-on-year and the income of household heads increased 0.3 pct. Disposable income was up 5.6 pct from a year earlier, the ministry said.