Japan's household spending, wages slump as Covid-19 pandemic pain lingers

Topics Japan | Coronavirus | Global economy


By Leika Kihara and Kaori Kaneko TOKYO (Reuters) - Japan's household spending slumped in September from a year earlier and real wages slid for the seventh straight month, data showed on Friday, a sign sluggish domestic demand will continue to drag on any recovery in the world's third-largest economy. The data underscores the challenge authorities face in balancing the need to prevent the spread of the coronavirus pandemic and reviving economic activity.

Household spending fell 10.2% in September from a year earlier, marking.

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