Posted by: youngragingbull | March 1, 2013

Japan household spending & employment figures up in Jan

Japan’s household spending surged in January to beat estimates, while the unemployment rate fell, according to official data released Friday.

January spending by households of two or more people rose a price-adjusted 2.4% from a year earlier, the Finance Ministry reported, easily beating expectations for a 0.4% rise.

The jobless rate, meanwhile, eased to 4.2% in January from December’s 4.3%, in line with forecasts.

On the downside, the core consumer price index, which excludes volatile food costs, slid 0.3% in January, down 0.2% from a year earlier, matching projections in separate surveys from both the Dow Jones Newswires and Reuters.

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