Japan's household spending in October falls 1.3% amid rising prices

Japan's household spending in October fell a real 1.3 percent from a year earlier, dropping for the third straight month, as consumers reduced purchases of food amid rising prices and clothing due to warm temperatures, government data showed Friday.Separate data showed the country's inflation-adjusted wages remained flat in October compared with a year earlier after declining over the previous two months, as the impact of higher prices eased due partly to government subsidies for utility bills.Average spending by households of two or more people stood at 305,819 yen ($2,000), the Ministry o…READ FULL ARTICLE