29 May 2001, 09:46 Japan's April real spending by wage earners falls 4.4% on year
Tokyo, May 29 (BridgeNews) - Average consumer spending by Japanese
salaried households totaled 347,882 yen in April, down 4.4% in real terms
on year, showing the first drop since November 2000, the Ministry of
Public Management, Home Affairs, Posts and Telecommunications said. The
figure is worse than economists' average outlook of a 3.3% fall. The
ministry also said seasonally adjusted household spending for April was
down 1.3% on month.
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