December 29, 2010

Japanese household spending decreased six straight quarters

"Japanese households spent an average of 247,309 yen a month in the April-June quarter, down 0.5% on the year in real terms, according to data released Friday by the Ministry of Internal Affairs...The 1.7% decline in food spending had the biggest impact...The unseasonable weather also took a toll on apparel, with spending on clothing and shoes sliding 5.7%. And amid lackluster buying of automobiles in single-person households, transportation and telecommunications spending sank 2.4%.. Total household expenditures dipped six straight quarters through the July-September term of 2009 because of the financial turmoil and other factors."



Source:Household Spending Takes 1st Dip In 3 Quarters
Saturday, August 14, 2010
http://e.nikkei.com/e/fr/tnks/Nni20100813D13JFN03.htm

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