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Japan's household spending fell 6.3% in January, marking the 11th consecutive month of decline.
Japan's household spending fell 6.3% in January, marking the 11th consecutive month of decline, with households of two or more people spending an average of 289,467 yen.
Food expenditure decreased by 2.7%, marking the 16th consecutive month of decline.
Transportation and communication costs fell by 13.1% overall and by 30.4% on autos, while electricity and utility expenses decreased by 9.4% due to unseasonably warm weather.
Education expenditures increased by 29.6% due to higher admission fees for private junior high schools and high schools.
Household spending, accounting for over half of Japan's GDP, is considered a key indicator of private consumption in the country.
El gasto de los hogares japoneses cayó un 6,3% en enero, marcando el undécimo mes consecutivo de caída.