• Kyodo

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Japan’s household spending increased at the fastest pace on record in September, boosted by last-minute buying ahead of a consumption tax hike starting Oct. 1, government data showed Friday.

Spending by households with two or more people rose 9.5 percent in real terms to ¥300,609 ($2,750) from a year earlier, the highest since comparable data became available in January 2001, according to the Ministry of Internal Affairs and Communications.

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