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Japan's frugal households offer no respite for BOJ, retailers

A quarterly Bank of Japan survey showed this month that households cut spending most on eating out, clothing and travel.


NARUHITO Nogami, a 37-year-old systems engineer in Tokyo, drives to discount stores on weekends to bulk buy cheap groceries, even though he earns enough to make ends meet and the prospects for Japan's economic recovery are brighter.

"I do have money, but I'm frugal anyway....

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