Japan's household spending declined 4.8 percent from a year earlier in December 2019, following a 2 percent decline in the previous month. It was the third annual decline in spending in 2019, as consumers cut purchases after a sales tax hike in October and a typhoon disrupted business. Spending declined for furniture & household utensils (-13.3 percent vs -13.1 percent); housing purchases (-17.4 percent vs -4.1 percent); clothing & footwear (-11.1 percent vs -6.8 percent), andfuel, light & water charges (-1.8 percent vs -1.5 percent). In contrast, spending for education fell at a softer rate (-16.6 percent vs -17.1 percent). Meanwhile, consumption for food (-2.1 percent vs 0.2 percent) and recreation & culture (-1.8 percent vs 3.4 percent) declined after rising in November. On a monthly basis, household spending decreased 1.7 percent after rebounding 2.6 percent in November.
Household Spending in Japan averaged -0.61 percent from 2001 until 2020, reaching an all time high of 9.50 percent in September of 2019 and a record low of -10.60 percent in March of 2015. This page provides the latest reported value for - Japan Household Spending - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. source: Ministry of Internal Affairs & Communications
Household Spending in Japan is expected to be 0.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Household Spending in Japan to stand at 2.00 in 12 months time. In the long-term, the Japan Household Spending is projected to trend around 2.00 percent in 2021, according to our econometric models.