Japan's Consumer Spending Declines 0.3% in May, Third Straight Monthly Drop
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最新报道：Japanese consumer spending fell 0.3% in June, marking the fourth consecutive monthly decline as households cut back on food and entertainment amid persistent inflation. The drop follows a 1.8% decrease in May, with spending on dining out and travel particularly affected. Economists warn the trend could weaken Japan's economic recovery, as private consumption accounts for over half of GDP. The government has introduced subsidies to ease energy costs, but rising prices continue to squeeze budgets. Separate data showed real wages dropped 1.8% year-on-year in June, the 15th straight monthly decline, further dampening spending power.
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