Japan's household spending fell for the fifth straight month in June but real wages rose at their fastest pace in more than 21 years thanks to higher summer bonuses, which could provide some support for consumer prices.
Japan's household spending fell 1.2 percent in June from a year earlier, extending its annual declines for a fifth month, a sign the economy may lose support from domestic demand as escalating global trade tensions cloud the outlook for exports.
Japan's household spending unexpectedly contracted in April and services sector activity slowed in May, figures out on Tuesday showed, raising the possibility of the economy falling into recession this quarter.
Growth slumps to 0.1% on weak business investment and household spending
The weakest household spending for three years and falling levels of business investment dragged the economy to the worst quarter for five years, official statisticians have...