Japan Household Spending Falls 3.6% for Eighth Straight Month
Household spending in Japan fell for an eighth consecutive month in July as consumers continued to economize on everyday purchases such as food and beverages while increasing spending on dining out, accommodation and in-game purchases. (News On Japan)
In July, household spending in Japan dropped by 3.6% compared to the same period a year ago, marking the eighth consecutive month of decline, according to the Ministry of Internal Affairs and Communications. Families with two or more members spent an average of 301,245 yen, with spending on prepared foods decreasing by 3.2%. Lower temperatures and price increases discouraged purchases of beverages, with sales falling by 6.7%.
Conversely, spending on accommodation, dining out, and in-game purchases rose. Despite the overall decrease, households appear to be spending selectively, prioritizing certain activities while maintaining restraint in overall expenditure. Typhoon No. 24 and a prolonged autumn rain front have raised concerns about potential record-breaking rainfall, particularly in the Kyushu and Shikoku regions, with some areas expected to receive over 1,000 millimeters of rain in three days.
Meanwhile, Japan's environment ministry plans its first survey of animal cafes, amid growing concerns over infection risks, injuries, and animal welfare in these establishments.
Written by urgent.news from News On Japan's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
Also reported by 1 other outlet
- Japan July household spending falls at fastest pace in 2-1/2 years channelnewsasia.com
