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JAN 31, 2013 - MarketWatch

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Japan jobless, household spending data disappoint

LOS ANGELES (MarketWatch) -- Japanese economic data came in below expectations, as the Finance Ministry said Friday that the unemployment rate rose back to 4.2% in December, while price-adjusted spending for households of two or more people fell 0.7% from a year earlier. Economists had expected the jobless rate to remain at 4.1%, steady from November, and forecast no change to household spending, according to a Dow Jones Newswires survey. On the brighter side, average monthly household income rose 1.1% in real terms from December 2011. The Japanese yen slipped modestly after the data, with ... Read More

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