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Avg. budget for kids' Christmas gifts in Japan declines for 4th year in row
High prices are putting a winter chill on spending on Christmas gifts for children in Japan, as the average budget for packages under the tree for the wee ones has declined for the fourth consecutive year to 7,718 yen (about $52), down 243 yen (approx. $1.70) from 2022, according to a survey by major toy maker Bandai Co. Bandai has run the survey every year since 1995. This year's edition was conducted via the internet in early November, and responses were received from 600 people in their 20s to 50s with children aged between 3 and 12. When asked about their budget for Christmas presents, the most common response ... (full story)