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Japan April household spending falls 1.3 pct yr/yr

Published 05/28/2009, 07:37 PM
Updated 05/28/2009, 07:40 PM

TOKYO, May 29 (Reuters) - Japan's overall household spending fell 1.3 percent in April from a year earlier in price-adjusted real terms, government data showed on Friday, more than a median market forecast for a 0.6 percent drop.

Japanese households have trimmed spending as companies cut jobs and bonuses amid the global financial crisis.

Compared with March on a seasonally adjusted basis, spending fell 0.9 percent.

The average household spent 306,340 yen ($3,161), the data from the Ministry of Internal Affairs and Communications showed.

Spending by wage earners' households rose 0.4 percent in April from the same month a year earlier. (Reporting by Stanley White; Editing by Hugh Lawson)

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