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Japan Household Spending Falls as Incomes Rise in March

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Household spending in Japan declined in March even as incomes continued to rise, according to government data released Tuesday.

Average monthly consumption expenditures for two-or-more-person households stood at 334,701 yen, marking a 1.3% decrease in nominal terms and a 2.9% drop in real terms compared with the same month a year earlier.

In contrast, worker households recorded stronger income growth. Average monthly income rose to 557,663 yen, up 6.4% in nominal terms and 4.7% in real terms from the previous year.

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