TOKYO: More Japanese households feel they are better off than a year ago and are spending more in anticipation that their income will rise, a quarterly Bank of Japan (BoJ) survey showed, in a sign that improved cosnumption will underpin a moderate economic recovery.
An index measuring households’ sentiment concerning current economic conditions improved for two straight quarters in June, with more than half of the respondents citing rising family income, according to the survey released yesterday.
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