TOKYO (Reuters) - Japanese household spending fell more than expected in April, data showed on Friday, in a sign that a decline in consumer spending after a sales tax hike is worse than feared.
The 4.6 percent annual decrease exceeded the median market forecast for a 3.2 percent annual decline.
Spending declined 13.3 percent in April from the previous month in seasonally adjusted terms as households spent an average 302,141 yen ($3,000), the Ministry of Internal Affairs and Communications said on Friday.
The government raised the national sales tax to 8 percent from 5 percent on April 1 to pay for rising welfare costs.
Reporting by Stanley White; Editing by Edmund Klamann