Japan’s Jan. household spending falls 0.3%, 3rd decline in row
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Household spending in Japan fell 0.3 percent in January from a year earlier for the third consecutive monthly decline, government data showed Friday.
Households with two or more people spent an average of 301,646 yen ($2,215), the Ministry of Internal Affairs and Communications said.
The data is a key indicator of private consumption, which accounts for more than half of the country’s gross domestic product.