Economy Spending Update 3 News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Household spending up 0.1% m/m in April vs f’cast -2.2%
Spending surges after taking heavy hit in April last year (Recasts)
TOKYO, June 4 (Reuters) - Japan’s household spending jumped in April the most in at least two decades as consumers splurged on cars, clothing and beauty services, though the gains were inflated in part by the sharp comparison to last year’s pandemic-driven plunge.
An extension of state of emergency restrictions in Tokyo and other major areas has hurt the outlook for Japan’s economy, which already fell back into contraction in the first quarter due to weak consumer and business spending. ....

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