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This Article is From Oct 09, 2016

Japan’s Multiple Typhoons May Drag on Consumer Spending: Chart

Japan’s Multiple Typhoons May Drag on Consumer Spending: Chart

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(Bloomberg) -- Japan was hit by more typhoons than usual this season, adding another economic worry, as shoppers stayed at home. "Consumption was pretty good in July, but looking at August and September, it really lost its momentum," said Hiroaki Muto, chief economist at Tokai Tokyo Research Center. "When there are a lot of rainy days, it really drags on spending."

To contact the reporter on this story: Connor Cislo in Tokyo at ccislo@bloomberg.net. To contact the editors responsible for this story: Brett Miller at bmiller30@bloomberg.net, Jake Ulick, Henry Hoenig

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