Household spending in Japan rose 11.6% in real terms from a year earlier in May 2021, after a 13% gain in April and above market expectations of 10.9%. This was the third straight month of increase in personal consumption, amid base effects from 2020's sharp fall due to the initial impact of the COVID-19 crisis. Spending continued to rise for food (2.1% vs 3.5 in April), housing (28.9% vs 15.3%), clothing (13% vs 84.8%), medical care (14.9% vs 8.9%), transport & communication (23.5% vs 20.1%), education (22.8% vs 15.5%), and culture & recreation (24% vs 25.1%). On the other hand, consumers spent less on fuel, light & water charges, which was the second time since May 2020 (-2.4% vs -5.1%). Also, spending on furniture & household declined for the first time in three months (-2.6% vs 9.2%). On a monthly basis, household spending fell by 2.1%, less than consensus of a 3.7% drop and after a 0.1% gain in April. source: Ministry of Internal Affairs & Communications
Household Spending in Japan averaged -0.76 percent from 2001 until 2021, reaching an all time high of 13 percent in April of 2021 and a record low of -16.20 percent in May of 2020. 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. Japan Household Spending - data, historical chart, forecasts and calendar of releases - was last updated on July of 2021.
Household Spending in Japan is expected to be 8.00 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 6.00 in 12 months time. In the long-term, the Japan Household Spending is projected to trend around 2.00 percent in 2022, according to our econometric models.