Japan Household Spending in June: Ideas Later.

Japan's household spending in June falls 3.3% on year

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TOKYO (Kyodo) -- Japan's household spending in June fell a real 3.3 percent from a year earlier, marking the seventh consecutive monthly drop, partly due to unfavorable weather such as multiple typhoons, heavier rainfall and lower temperatures, government data showed Friday.

Households of two or more people spent an average of 290,886 yen ($1,840), the Ministry of Internal Affairs and Communications said.

By category, spending on food and beverages dropped 2.5 percent, driven by a decline in sales of tea beverages and sports drinks due to lower temperatures than a year earlier.

Outlays for dining were down 2.9 percent, declining for the first time in three months, as there was one fewer Sunday than a year earlier and due to poor weather conditions amid the typhoons and the rainy season, a ministry official said.

Consumable goods expenditure fell 8.0 percent, declining for the first time in four months.

Amid a significant real increase in spending on plastic bags and plastic wrap since March due to the situation in the Middle East, the official said bulk buying showed signs of easing, with expenditure settling down to a real 1.4 percent increase in June from a year earlier, compared to the 33.1 percent surge in May.

Spending on transportation and communication sank 5.7 percent, due in part to declines in air and rail fares. The official also noted that consumers may have refrained from traveling due to the unfavorable weather as well as the one fewer Sunday.

The data is a key indicator of private consumption, which accounts for more than half of the country's gross domestic product.

The average monthly income of salaried households of at least two individuals increased a real, or inflation-adjusted, 2.0 percent to 1,013,986 yen, according to the ministry.

Article source:  https://mainichi.jp/english/articles/20260807/p2g/00m/0bu/005000c