City
Epaper

Japan's household spending declines for 3rd straight month in Jan

By IANS | Updated: March 10, 2023 15:15 IST

Tokyo, March 10 Spending by households in Japan fell in January from a year earlier, marking the third ...

Open in App

Tokyo, March 10 Spending by households in Japan fell in January from a year earlier, marking the third successive month of decline, the government said in a report on Friday.

According to the Ministry of Internal Affairs and Communications, spending by households with two or more people dropped 0.3 per cent to an average of 301,646 yen ($2,214), reports Xinhua news agency.

The statistics bureau's data is a barometer of private consumption.

Private consumption is one of Japan's key economic drivers accounting for more than half of the country's gross domestic product (GDP).

The government said private consumption had slowed from a preliminary 0.5 per cent to 0.3 per cent.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: Ministry of Internal Affairs and CommunicationsjapanXinhuaTokyoMinistry of internal affairsAffairs ministryInternal affairs and communicationsCabinet affairsCommunications ministryAdministrative affairsNippo
Open in App

Related Stories

CricketJapan vs UAE Live Cricket Streaming: Where and How to Watch ICC Men's T20 World Cup East Asia Pacific Qualifier Match 9

OpinionsChina’s Move... Fictator’s Fortune!

InternationalHeatwave in Japan: Temperatures in Tokyo Cross 40 Degrees Celsius, Breaks 150-Year-Old Record

NationalBengaluru: Class 7 Student Dies by Suicide; Police Investigate Possible Link to Japanese Web Series ‘Death Note’

InternationalEarthquake of Magnitude 8.8 Is Equal to Explosion of 15,900 Atomic Bombs Like Hiroshima, Claims Grok

Politics Realted Stories

NationalGujarat Cabinet Expansion: BJP President JP Nadda To Discuss Cabinet Reshuffle With CM Bhupendra Patel Today

NationalPrashant Kishor's Jan Suraaj Party Announces List of 51 Candidates for Bihar Assembly Elections 2025

MumbaiAmeet Satam Appointed As Mumbai BJP President Ahead of BMC Polls

Maharashtra'Chaddi Baniyan' Protest at Maharashtra Assembly: Opposition Stages Agitation Against Sena MLA for Punching and Slapping Canteen Staff (Watch Video)

MaharashtraMaharashtra Monsoon Session: Ajit Pawar Slams Bhaskar Jadhav Over Fund Allegations, Says 'No Need for Unsolicited Advice'