Japan’s consumer spending in February rose for the first time in six months, official data showed on Tuesday, but the rise was partly because of the extra Leap Year day and did little to reduce pressure on the government to inject more economic stimulus.
The propensity to consume – a measure of households’ willingness to spend rather than save – rose 3.9 points in February, the biggest gain in nine months.
Spending also rose because consumers bought mobile phone plans before government regulations stopped carriers from subsidising the entire cost of handsets, economists said
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