Japan's households tighten purse strings as sales tax, typhoon hit
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TOKYO (Reuters) - Japanese households cut their spending for the first time in almost a year in October as a sales tax hike prompted consumers to rein in expenses and natural disasters disrupted business.Household spending dropped 5.1% in October from a year earlier, government data showed on Friday, down for the first time in 11 months and the biggest fall since March 2016 when spending fell 5.3%. It was also weaker than the median forecast for a 3.0% decline.That marked a sharp reversal from..