Japan Household Spending Down 1.8 Pct in May
Tokyo, July 5 (Jiji Press)--Spending by households with two or more members in Japan averaged 290,328 yen in May, falling 1.8 pct from a year before in inflation-adjusted real terms, internal affairs ministry data showed Friday.
Spending on food dropped 3.1 pct as purchases of vegetables and seaweed fell due to rising prices amid poor crop. Prepared food spending also decreased.
The yen's depreciation helped to reduce spending on overseas package tours.
(2024/07/05-10:14)
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