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Japan household spending down 0.3% on year in Feb.

A shopper selects vegetables at a supermarket in Tokyo. (Kyodo)

TOKYO (Kyodo) -- Japan's household spending in February fell 0.3 percent from a year earlier, down for the fifth consecutive month, government data showed Tuesday.

    Spending by households with two or more people in real terms was 271,735 yen ($2,490), 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.

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