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Japan Household Spending Up 1.6 Pct in FY 2021

Japan Household Spending Up 1.6 Pct in FY 2021

   Tokyo, May 10 (Jiji Press)--Japanese household spending in fiscal 2021 rose 1.6 pct from the previous year in price-adjusted real terms, up for the first time in four years, the internal affairs ministry said Tuesday.
   In the year that ended in March, monthly consumption spending by households comprising two or more members averaged 280,935 yen.
   The rebound came after consumption expenditures in fiscal 2020 plunged 4.9 pct, the second-largest drop on record, due to the fallout of the novel coronavirus pandemic.
   In fiscal 2021, people spent more on travel, transportation and eating out during the times when infections were low.
   In March alone, household spending averaged 307,261 yen, down 2.3 pct from a year before, falling for the first time in three months.

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AFP-JIJI PRESS NEWS JOURNAL


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