Japan household spending down for 7th month in Sept. as wages slide

Japan's household spending in September fell 2.8 percent from a year earlier for the seventh consecutive monthly fall, as people cut back spending on food and other items amid rising prices while real wages continue to slide, government data showed Tuesday.Households of two or more people spent an average of 282,969 yen ($1,890), the Ministry of Internal Affairs and Communications said. The rate of decline expanded from a 2.5 percent drop in August.Separate data showed that real, inflation-adjusted wages in September dropped 2.4 percent from the previous year for the 18th straight monthly f…READ FULL ARTICLE