TOKYO, May 9 (Xinhua) — Household spending in Japan decreased in March from a yr earlier, the federal government mentioned in a report on Tuesday.
According to the Ministry of Internal Affairs and Communications, family spending within the reporting interval fell 1.9 p.c from a yr earlier.
Spending by households with two or extra folks stood at a median 312,758 yen (2,300 U.S. {dollars}) in March, the statistics bureau mentioned.
Accounting for greater than half of Japan’s gross home product, family spending is a key gauge of personal consumption.