Japan's household spending dropped for 2nd straight month in Dec 2022 - Tokyo News
Tokyo, Feb 7 (IANS) Household spending in Japan fell 1.3 per cent in December last year, as spending by people on residential expenses including maintenance declined, the government said in a report on Tuesday.
by IANS | Updated Feb 07, 2023
According to the Ministry of Internal Affairs and Communications, spending by households occupied by two or more people dropped for the second straight month to an average of 328,114 yen ($2,479) in the recording period, reports Xinhua news agency.
On a seasonally adjusted basis, the statistics bureau said household spending declined 2.1 per cent.
Household spending in Japan is a key indicator for private consumption, which accounts for nearly 60 per cent of the country's gross domestic product.
Disclaimer: This story is auto-aggregated by a computer program and has not been created or edited by FreshersLIVE.Publisher : IANS-Media
Related Articles
- Sikh professor deported in 2021 returns to Fiji
- Israeli fighter jets strike Gaza military post in response to rocket fire
- Cambodia revokes West-backed VOD radio's license over 'slanderous' broadcast
- Sedition case against ex-Pak Finance Minister for 'sabotaging negotiations' with IMF
- 6.1-magnitude quake hits New Zealand
- US-China rivalry will not split the world, globalisation is here to stay: Study
- S.Korean civic group accuses Army man of covering up suicide of bullied conscript
- Questions about spate of high-altitude objects shot down over North America
- Cambodian Prime Minister visits Laos; discusses strategic partnership, border
- Venezuelan Prez urges youths to defeat US blockade on National Youth Day