Japan's household spending rises at quickest pace in 3 years as tariff risks loom
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TOKYO :Japanese household spending surged at the fastest pace in nearly three years in May, offering some hopes that tepid consumption might be turning a corner even as risks from U.S. tariffs remain a drag on confidence and economic growth. Analysts say consumers will be wary of the outlook at a time U.S. President Donald Trump's global trade war is raising uncertainty for businesses and policymakers worldwide. Consumer spending in the world's fourth-largest economy in May rose 4.7 per cent
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