Economic Buzz: Japan household spending jumps 1.7% in July

The average of household spending in Japan was up a seasonally adjusted 1.7 percent on month in July, the Ministry of Internal Affairs and Communications said on Friday - coming in at 305,694 yen.

On a yearly basis, household spending was up 1.4 percent - missing forecasts for an increase of 2.2 percent but still up from 1.3 percent in the previous month.

The average of monthly income per household stood at 701,283 yen, down 2.5 percent from the previous year.

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