Japan's household spending falls at record pace as virus stalls economy

TOKYO (Reuters) - Japan's household spending fell at the fastest pace on record in April as the coronavirus shut down travel and dining-out in the world's third-largest economy, and prospects of higher jobs losses chilled consumer sentiment.The dismal number will keep policymakers under pressure to prevent a larger decline in the economy, which is expected to fall deeper into recession this quarter.Household spending tumbled 11.1% in April from a year earlier, government data showed on Friday,..