• Kyodo

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Japan’s household spending rose a real 0.7% in July from a year earlier, up for the first time in two months following a steep drop a year ago, but the pace of increase was slow amid a resurgence of COVID-19 infections, government data showed Tuesday.

Average spending by households with two or more people was ¥267,710 ($2,400), the Ministry of Internal Affairs and Communications said, rebounding from a 7.6% plunge a year earlier.

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