Japan February household spending seen down for 3rd straight month: Reuters Poll

Japan February household spending seen down for 3rd straight month: Reuters Poll

Today·2021-04-02 13:05

TOKYO - Japanese household spending likely dropped in February from a year earlier, falling for a third straight month, a Reuters poll found on Friday, suggesting emergency steps to contain the coronavirus infection kept a lid on consumer expenditure.

A state of emergency declared in the Tokyo area to curb the spread of COVID-19 hurt service sector spending such as restaurants and bars, while demand for home appliances and food and beverage was likely to stand firm, analysts said.

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