Japanese summer holiday spending to hit record low due to virus: poll

Japanese adults are planning to spend 65,157 yen ($600) on average during their summer holidays, down 2,914 yen from a year earlier and the lowest level on record, amid the novel coronavirus pandemic, a private survey showed Tuesday.The amount was the lowest since Meiji Yasuda Life Insurance Co. started conducting the survey in 2006, in yet another indication of sluggish personal spending in the world's third-largest economy.According to the survey, 45.6 percent of respondents said they would spend less this summer than the previous year, with 63.0 percent saying their spending would be cur…READ FULL ARTICLE