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Financial News: Japan Household Spending Tumbles 6.1% On Year In

Japan Household Spending Tumbles 6.1% On Year In January

03/08/2021 - 18:45:00 (RTTNews)

(RTTNews) - The average of household spending in Japan was down 6.1 percent on year in January, the Ministry of Internal Affairs and Communications said on Tuesday - coming in at 267,760 yen.

That missed expectations for a decline of 2.1 percent on year following the 0.6 percent contraction in December.

The average of monthly income per household stood at 469,254 yen, down 2.5 percent on year.

Individually, spending was down for food, housing, clothing, medical care, transportation and recreation. It was higher for fuel, furniture and education.

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