日本10月消费者支出加速下降

Core Viewpoint - Japan's consumer spending in October has declined at the fastest rate in nearly two years, raising concerns about the economic outlook [1] Group 1: Consumer Spending Data - Japan's consumer spending fell by 3.0% year-on-year in October, marking the first decline in six months and the largest drop since January 2024 [1] - The decline in consumer spending significantly underperformed market expectations, which had forecasted a growth of 1.0% [1] - Seasonally adjusted data shows that consumer spending decreased by 3.5% month-on-month in October, while the market had anticipated a growth of 0.7% [1] Group 2: Implications for Monetary Policy - The decline in consumer spending is expected to be a key factor for the Bank of Japan as it considers whether to raise interest rates in December [1] - Bank of Japan Governor Kazuo Ueda has previously indicated that a rate hike may be possible later in December [1]