MNI DATA IMPACT: Japan December Household Spending -4.8% Y/Y

     TOKYO (MNI) - Japan's average monthly spending per household decreased 4.8%

on a yearly basis in December, posting the third consecutive year-on-year drop,

a survey released by Japan's Ministry of Internal Affairs and Communications

showed Friday.

     --Spending by households with two or more people fell 4.8% y/y,

accelerating from the previous month's 2.0% drop. The decrease was faster than

the MNI survey median of a 1.4% y/y decline. 

     --December's slowdown was a result of lower expenditure on major items.

Spending on food fell 2.1% y/y, compared with November's 0.2% rise, and fuel,

lighting and water charges dropped 1.8% y/y, following the previous 1.5% drop.

     --The average real income of households with salaried workers fell 1.9%

y/y, wiping off the 1.9% y/y gain recorded in November. 

     --Household spending in 2019 increased 0.9% y/y, faster than the 0.4% y/y

drop reported in the previous year. 

--MNI Beijing Bureau; tel: +86 (10) 8532-5998; email: flora.guo@marketnews.com

--MNI Sydney Bureau; +61 405322399; email: lachlan.colquhoun.ext@marketnews.com

[TOPICS: MAJDS$,MAUDR$,MAUDS$,M$A$$$,M$J$$$,M$U$$$]