Japanese Household Spending Rises in June; Pace Slowed by Food Prices

Japanese household spending rose in June at a slower rate than market participants had expected, showed government data on Friday, as higher prices particularly for food items discouraged purchases and added pressure to broader consumption trends.

While core inflation has exceeded the Bank of Japan's 2% target for well over three years, potentially giving the bank leeway to raise interest rates as it unwinds years of loose monetary policy, lacklustre consumption adds to geopolitics and tariffs as a lingering economic risk...

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