• Kyodo News

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In a recent survey of “daily life monitors” registered with the Cabinet Office, 44.6 percent of respondents reported a year-on-year decline in household income, up 10.5 percentage points from the previous poll released in October, the government said Tuesday.

In the survey covering 2,000 daily life monitors in February and March, 55.6 percent of the respondents expected household income to keep falling in the coming year, an increase of 19.5 points from the previous poll.

Of the respondents, 29.2 percent reported year-on-year drops in household consumption, citing such reasons as fears over job losses, lower incomes and lower financial asset prices.

Those worried about job security in the coming year accounted for 31.8 percent of the respondents, up 7.6 points.

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