Japan's Household Spending Rises; Unemployment Rate Drops to 3.8 Percent

(Bloomberg) -- Japan's households increased
spending for a sixth month in June and the jobless rate fell,
suggesting consumer outlays will help extend the economy's
longest postwar expansion.

Spending rose 0.1 percent from a year earlier, the
statistics bureau said today in Tokyo. The median estimate of 29
economists surveyed by Bloomberg News was for a 0.7 percent gain.
The unemployment rate dropped to 3.7 percent in June from 3.8
percent in May.


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