Ja­pan’s house­hold spend­ing up in July

The Korea Times - - WORLD -

Ja­pan’s house­hold spend­ing rose for an eighth month in July, al­beit at a slower-than-ex­pected pace, of­fer­ing a warn­ing about con­sump­tion in an econ­omy al­ready strug­gling with weak ex­ter­nal de­mand amid the bit­ter U.S.-China trade war.

Risks from a global slow­down and the trade stand­off be­tween the United States and China, the world’s two largest economies, are threat­en­ing eco­nomic growth and have added pres­sure for the Bank of Ja­pan to ex­pand stim­u­lus.

House­hold spend­ing in July in­creased 0.8 per­cent from a year ear­lier, but the pace of growth was slower than a 2.7 per­cent rise for June.

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