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Japan’s Households Boost Spending by Most Since Summer 2022

Summary by The Straits Times
Household spending gained 4.7 per cent from a year ago in May, largely due to more spending on cars. Read more at straitstimes.com.

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TOKYO.— Inflation in Japan is surprisingly strong, which increases the likelihood that the Bank of Japan (BOJ) will raise its interest rate before the end of the year, according to one of the country’s leading price specialists. “It is above what it expected and is very strong this year,” said Tsutomu Watanabe, professor emeritus of economics at the University of Tokyo, in an interview on Friday. “There is no doubt that the BOJ will review upwar…

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Business Times broke the news in on Friday, July 4, 2025.
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