Japan household spending in April falls 4.4%, 2nd decline in row

Japan’s household spending in April fell 4.4 percent from a year earlier, declining for the second consecutive month, government data showed Tuesday.

Households of two or more people spent an average of 303,076 yen ($2,170), 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.