Japan's household spending falls at record pace in April on pandemic hit

TOKYO (Reuters) - Japan's household spending suffered the biggest annual drop on record in April as lockdown measures to contain the coronavirus kept consumers home and businesses shut, although the fall was not as large as analysts had forecast.Household spending tumbled 11.1% in April from a year earlier, government data showed on Friday, marking the fastest pace of decline since comparable data became available in 2001.The drop, which was slower than a median market forecast for a 15.4% fall,..