Japanese budgets for summer holidays drop for 1st time in 5 years: survey

TOKYO - The amount Japanese people are planning to spend on average for their summer holidays this year fell for the first time in five years, dropping nearly 20,000 yen ($123) from a year earlier, highlighting households' growing budget consciousness, a recent study released Thursday showed.

Although the summer budget had increased consistently throughout last year despite inflation, this year's decline of 19,756 yen brought the average down to 85,145 yen, underscoring the impact that rising prices are having on household finances.