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Japan Household Spending Jumps 9.5 Pct in Sept.

Japan Household Spending Jumps 9.5 Pct in Sept.

   Tokyo, Nov. 8 (Jiji Press)--Japanese household spending in September surged 9.5 pct from a year before in inflation-adjusted real terms, reflecting last-minute demand before the Oct. 1 consumption tax rate hike from 8 pct to 10 pct, the internal affairs ministry said Friday.
   The rise was the largest since comparable data became available in January 2001.
   Consumption expenditures by households with two or more members averaged 300,609 yen, growing for the 10th consecutive month.
   The spending jump in September exceeded the 7.2 pct gain recorded in March 2014, just before the April 1 consumption tax rate increase from 5 pct to 8 pct in the same year.
   The September surge may have also reflected a rebound from a spending drop in the same month last year that partly stemmed from bad weather, ministry officials said.

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