Business · Economy · 6 hrs ago

Japan household spending falls 6.8% in September

Japan household spending falls 6.8% in September

Japan's household spending fell 6.8% in September compared with the same month a year earlier, marking a 10th straight monthly decline.

The figures cover households with two or more people, whose average monthly spending was 289,536 yen.

This was the biggest fall since September 2020, when spending dropped during the COVID-19 pandemic.

Heavy rain, typhoons and unusually low temperatures discouraged shopping and reduced demand for items such as clothing, drinks and air conditioners.

Food spending also fell for a fourth month, with consumers choosing cheaper rice as prices remained high.

The decline matters because household spending makes up more than half of Japan's gross domestic product, and the data do not yet show how much was due to prices versus weather.

The September figures were released by the government; they provide no forecast for what spending will do next.

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