TOKYO, Feb. 7 (Xinhua) — Household spending in Japan fell 1.3 p.c in December final yr, as spending by folks on residential bills together with upkeep declined, the federal government stated in a report on Tuesday.
According to the Ministry of Internal Affairs and Communications, spending by households occupied by two or extra folks dropped for the second straight month to a median of 328,114 yen (2,479 U.S. {dollars}) within the recording interval.
On a seasonally adjusted foundation, the statistics bureau stated family spending declined 2.1 p.c.
Household spending in Japan is a key indicator for personal consumption, which accounts for almost 60 p.c of Japan’s gross home product.