Japan's household spending falls 0.4% in Nov., down 4th month in row

Japan's household spending in November fell a real 0.4 percent from a year earlier, declining for the fourth straight month, as consumers cut outlays on home appliances and food amid rising prices, government data showed Friday.Average spending by households of two or more people stood at 295,518 yen ($1,900), the Ministry of Internal Affairs and Communications said.Expenditures on furniture and electric appliances, including washing machines, plunged 13.8 percent, down for the third straight month, as people opted for cheaper goods or refrained from buying amid inflation, a ministry offici…READ FULL ARTICLE