Japanese household spending fell 0.4% in November from a year earlier, internal affairs ministry data showed on Friday. That compared with the median market forecast for a 0.6% decline. On a seasonally adjusted,

Japan’s households cut consumption for a fourth month as inflation continues to weigh on their purchasing power, showing an economic fragility that’s likely to keep the Bank of Japan cautious about additional rate hikes.

By Satoshi Sugiyama TOKYO (Reuters) -Japanese household spending fell at a slower pace than expected in November, government data showed on Friday, but the broader consumption trend remained soft, weighed by higher prices.