Household spending in Japan declined for the second consecutive month in April, falling 0.40%. The decline was April was moderate compared to March's -5.30% dip, data from the Ministry of Internal Affairs and Communications showed on Tuesday. Economists expected to see a decline of 1.30% for the month. The weak data is likely to further weigh on the decision to delay the much talked about sales tax hike which is intended to hike the current 8.00% to 10.00% - recently postponed until October 2019. Household spending or consumption which accounts for over 60% of Japan's economic output hinted at early signs that the economy is not out of the woods yet.
Australia GDP Expands at the Fastest Pace in 2-Years
Daily Analysis - 01/06/2016