TOKYO (Reuters) -- Japanese household spending rose for the first time in five months in year-on-year terms in December and at a much faster-than-expected pace.
Consumer spending climbed 2.7% in December from a year earlier, data from the internal affairs ministry showed on Friday, better than the median market forecast for a 0.5% uptick. On a seasonally adjusted month-on-month basis, spending increased 2.3%, versus an expected 0.2% fall.
