Japan Nov household spending falls 2.9% year/year

TOKYO (Reuters) – Japanese household spending in November fell 2.9% from a year earlier, down for nine months in a row, government data showed on Tuesday.

That was worse than the median market forecast for a 2.3% decline.

On a seasonally adjusted, month-on-month basis, spending decreased 1.0%, versus an estimated 0.2% rise.

(Reporting by Kantaro Komiya; Editing by Chang-Ran Kim)