31 August 2001, 13:26 Japan July salaried household spending down 0.4 pct yr-on-yr
TOKYO (AFX-ASIA) - Salaried household spending in July fell 0.4 pct
year-on-year, marking its fourth straight month of decline, the
Ministry of Public Management, Home Affairs, Posts and
Telecommunications said.
In June, spending fell 3.0 pct year-on-year.
A ministry official said even though the fall in salaried household
spending narrowed in July, it is still early to say that household
spending is currently recovering.
"The fall in July was not high ... but it is necessary to see
figures after August to assess the trend," the official said.
Bonuses in July fell, after a rise in June, the official said,
adding that the fall also provided a negative impact on salaried
household spending.
Extraordinary income fell 5.3 pct year-on-year due to a fall in
bonuses, the official said.
"In July, mid- and small-scale firms tended to pay bonuses, which
decreased from a year earlier. That seems to have provided a negative
impact on spending," he added.
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