Japanese budget for summer holidays hits record high: survey

Japanese people plan to spend a record high of over 100,000 yen ($670) on average for their summer holidays this year, rising for the fourth straight year on the back of higher wages at major companies, a recent survey showed.The increase to 104,901 yen came as 18.5 percent of respondents said they intend to increase their budgets, with many planning to travel. But the overall rise masked a divergence of sentiment, as a similar proportion, at 18.3 percent, said they will spend less due chiefly to rising inflation.The average budget for summer vacations hit a new record for the first time in…READ FULL ARTICLE