Tokyo, Feb 7 (SocialNews.XYZ) 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.
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.
Source: IANS
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz
This website uses cookies.
