Tag Archives: Japan Unemployment

Japan households reduce spending as unemployment rises

Japanese household spending fell while the unemployment rate rose in October, raising concerns about the countrys economic recovery.Household spending fell by 0.4% from a year ago, while the jobless rate rose to 4.5% from 4.1% in the previous month.

However, in a positive sign, retail sales rose by 1.9% from a year earlier, the first increase in three months.

Despite strong retail numbers, analysts said domestic demand may remain slow.

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