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Japan August household spending picks up, eases concern about economy

2015-10-02 05:04:57| Auto Dealers - Topix.net

Japan's household spending rose in August for the first time in three months and the availability of jobs improved to its best in more than two decades, which could temper concerns that the economy has fallen into a recession. The 2.9 percent annual increase in household spending in August was more than the median estimate for a 0.4 percent year-on-year increase and followed a 0.2 percent annual decline in July as consumers bought more cars.

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