July 03, 2013

Japanese husbands see their monthly allowances hit a record low of 38,457 yen down 3 percent on a year before

"The average Japanese husband’s monthly allowance slumped to the lowest level since 1982 at the start of the country's financial year as workers await the dividends promised by Abenomics. Salarymen’s spending money, (okozukai) typically set by wives managing family budgets, was 38,457 yen ($418), down 3 per cent from last year and less than half the 1990 peak, according to Shinsei Bank."

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