According to the Ministry of Internal Affairs and Communications, spending by households occupied by two or more people dropped for the second straight month to an average of 328,114 yen ($2,479) in the recording period, reports Xinhua news agency.
On a seasonally adjusted basis, the statistics bureau said household spending declined 2.1 per cent.
Household spending in Japan is a key indicator for private consumption, which accounts for nearly 60 per cent of the country's gross domestic product.
(IANS | Posted on 07 February 2023, 1695513292 34O204O181O91)
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