Japan household spending down 0.5% in February

TOKYO: Consumption spending by households comprising two or more members in Japan in February averaged 279,868 yen, falling 0.5% from a year before in price-adjusted real terms, internal affairs ministry data show.

Although spending dropped for the 12th straight month, the margin of decline narrowed from 6.3% in January due to the leap year. Without the factor, the rate of decline stood at 2.7%.