Japan consumption index continues to slide

New data continues to show just how much consumer habits have changed in Japan since the pandemic started.

Credit card company JCB and research firm Nowcast analyzed customer transactions for the first half of March.

Their consumption index dropped 9.2 percent compared to the same period in 2019, well before the coronavirus started to spread.

Spending on travel plunged 45.9 percent, while for accommodation there was a drop of 43.8 percent.
Transportation was down 32.9 percent and dining fell 28.5 percent.

But online businesses saw a significant boost. Spending on content distribution soared about 64.5 percent and internet shopping increased 26 percent as many people continued to stay home.