Japan's household spending slumps as sales tax, weather weigh
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TOKYO (Reuters) - Japanese household spending fell at a much faster pace than expected in December, sliding for the third straight month in a sign consumers are having a hard time coping with a sales tax hike.The world's third-largest economy is struggling to regain momentum after last October's sales tax hike led consumers to curb spending. China's coronavirus epidemic also poses a new threat to the global growth outlook and Japan's output and exports.Household spending slipped 4.8% in December..