Posted on 28 Oct 2011
Japanese household spending fell 1.9 percent in September from a year earlier in priceadjusted real terms , government data showed on Friday, suggesting that growing risks from the overseas economy and a strong yen weighed on consumption.
It was the seventh straight monthly fall but was less than the median market forecast for a 3.4 percent drop and the August decline of 4.1 percent.
Spending grew 0.9 percent from August in seasonally adjusted terms as households spent an average 270,010 yen ($3,560.26), the Ministry of Internal Affairs and Communications said on Friday.
Spending by wage earner households fell 2.8 percent in September from the same month a year earlier. ($1 = 75.840 Japanese Yen)
