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Japan household spending falls for 2nd straight month in November

Decline of 2% reflects lingering impact of sales tax hike

A shop in Tokyo on Oct. 1: Japan's consumption tax that day rose to 10% from 8%.   © Reuters

TOKYO (Reuters) -- Japanese household spending fell for a second straight month in November, government data showed on Friday, reflecting a pullback in private consumption after the October sales tax hike, although the pace of decline slowed.

The world's third-largest economy is struggling to regain momentum after households tightened their belts following the sales tax hike in October and as slower global demand hit exports.

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