Japan household spending down 1.3% on year in November

© Kyodo News

Japan's household spending fell a real 1.3 percent in November from a year earlier, decreasing for the fourth straight month, the government said Friday.

Average spending by households with two or more people was 277,029 yen ($2,400), the Ministry of Internal Affairs and Communications said.

Household spending is a key indicator of private consumption, which accounts for more than half of Japan's gross domestic product.