Wednesday, March 17, 2010

Household spending down 1.4% in Japan last year

Japan's average monthly household spending in 2009 dropped 1.4 percent from the previous year in real terms for the second consecutive year of decline under an economic slump, the government said Tuesday.

In nominal terms, household spending fell 2.9 percent to 253,720 yen as spending on entertainment and food declined, said the Ministry of Internal Affairs and Communications.

Average spending decreased 3.8 percent in real terms at single-member households and 0.2 percent at those with two or more members.



http://www.breitbart.com/article.php?id=D9DT415O0&show_article=1

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