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05-06-20, 07:26 #1
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Japan Household Spending Sinks 11.1% On Year In April
The average of household spending in Japan was down 11.1 percent on year in April, the Ministry of Internal Affairs and Communications said on Friday - coming in at 267, 922 yen.
That beat expectations for a drop of 15.4 percent on year following the 6.0 percent fall in March.
The average of monthly income per household stood at 531,017 yen, up 0.9 percent on year.
On a monthly basis, household spending fell 6.2 percent - also beating expectations for a fall of 8.7 percent after slipping 4.0 percent a month earlier.
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