Shoppers look at 'lucky bags' containing luxury watches displayed outside a store on January 1, 2016 in Tokyo, Japan.

Tomohiro Ohsumi | Getty Images

Shoppers look at ‘lucky bags’ containing luxury watches displayed outside a store on January 1, 2016 in Tokyo, Japan.

Household spending in Japan fell 1.4 percent in April from a year earlier in price-adjusted real
terms, government data showed on Tuesday, well below the expected 0.7 percent decline.

At the same time, the country’s jobless rate held steady at 2.8 percent in April, though the availability of jobs rose to the highest since February 1974 as the jobs-to-applicants ratio gained to 1.48 from 1.45 in March, data from the Ministry of Internal Affairs and Communications showed.

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