Reported Earlier, Japan Household Spending (MoM) For July -6.4% Vs. -3.1% Est.; 3.7% Prior
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Why It Matters
Japanese families spent much less money in July than expected—6.4% less than the month before instead of the 3% drop people predicted. When spending drops faster than people think, it can mean the economy might be slowing down, so watching if this trend continues matters.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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