Household spending in Japan increased at the fastest pace on record in September from a year earlier, as a consumption tax hike from eight to 10 percent starting Oct. 1 spurred last-minute buying, the government said in a report on Friday.
According to the Ministry of Internal Affairs and Communications, household spending jumped 9.5 percent in the recording month to 300,609 yen (2,750 U.S. dollars), marking the 10th successive month of increase and the highest year-on-year rise in real terms since comparable data became available.
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