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Japan Household Spending Up 0.5 Pct in April

Japan Household Spending Up 0.5 Pct in April

   Tokyo, June 7 (Jiji Press)--Spending by households with two or more members in Japan in April averaged 313,300 yen, rising 0.5 pct from a year before in inflation-adjusted real terms, internal affairs ministry data showed Friday.
   It was the first rise in 14 months, but if temporary factors are excluded, such as increased consumption during the three-day weekend at the end of the month, spending declined 1.2 pct.
   Household spending increased partly because tuition exemptions and moratoriums at private universities decreased after a jump during the COVID-19 pandemic.
   On the other hand, spending on food dropped, reflecting price hikes.
   "We can't say the trend is upward," a ministry official said of overall household spending.

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AFP-JIJI PRESS NEWS JOURNAL


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