Japan’s Household Spending Faces Steep Decline Amidst Cost Pressures, Manufacturing Challenges, and Gold Signals
Introduction Let’s dive into the latest data that sheds light on a concerning trend affecting Japanese households: a significant decline in their spending during April 2023. It’s disheartening to see that their real terms spending contracted by 4.4% compared to the same period last year, surpassing market predictions of a more moderate 2.3% fall. This…