Japan's household spending rose more than expected in March but real wages ...
TOKYO - Japan’s household spending rose more than expected in March but real wages tumbled the most in nearly four years, dashing hopes consumer sector activity may soften the blow from external factors such as global trade conflicts.
Fading recovery prospects were among key topics of debate at the BOJ’s rate review in April, with one board member warning that a scheduled sales tax hike in October and soft global demand could push the country into recession, a summary of the meeting showed on Friday. Household spending gained 2.1 percent from a year earlier, government data showed on Friday, rising for the fourth straight month and beating market forecasts for a 1.7 percent increase.
Tensions between Washington and Beijing have risen after a major setback in negotiations this week, dashing the BOJ’s hopes that apparent progress in the negotiations in recent months would help global growth rebound in the second half of this year.
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