MNI DATA IMPACT: Japan May Household Spending Fell 16.2% Y/Y

     TOKYO (MNI) - Average monthly spending per household in Japan dipped

further in May due to the coronavirus disruptions, according to a survey by

Japan's Ministry of Internal Affairs and Communications released on Tuesday.

     --Spending by households with two or more people dropped for the eighth

consecutive month by 16.2% y/y in May, sharper than the previous month's 11.1%

fall. The result came in higher than the MNI survey median which had projected a

12.4% y/y drop. 

     --Spending on food fell 5.4% y/y, slowing down from the previous 6.6% y/y

decrease, but spending on fuel, lighting and water dropped sharply by 5.9% y/y

from the 7.4% y/y gain registered in April.

     --The average real income of households with salaried workers rose 9.8%

y/y, much faster than the 0.9% y/y growth last month. 

     --Household spending declined 0.1% on a monthly basis in May, after

dropping 6.2% y/y in April, marking the third drop in three months.

--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$$$]