Household spending in Japan declined in real terms by 4.4% yoy in April 2023, compared with market consensus of a 2.3% fall and after a 1.9% drop in the prior month. This was the third time of contraction so far this year and the steepest decrease since June 2021, amid intense cost pressures. Expenditures fell at steeper paces for housing (-15.3% vs -5.5% in March), furniture & household utensils (-6.9% vs -4.2%), education (-19.5% vs -16.7%), and furniture & household utensils (-6.9% vs -4.2%). Also, spending on clothing & footwear decreased by 9.5% after rising by 1.5% previously. At the same time, spending growth slowed for medical care (2.5% vs 4.7%), transportation & communication (2.6% vs 3.0%), fuel, light & water charges (1.6% vs 6.7%), and culture & recreation (4.6% vs 10.4%). source: Ministry of Internal Affairs & Communications

Household Spending in Japan averaged -0.69 percent from 2001 until 2023, reaching an all time high of 13.00 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 YoY - data, historical chart, forecasts and calendar of releases - was last updated on June of 2023.

Household Spending in Japan is expected to be -0.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

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Japan Household Spending YoY



Calendar GMT Actual Previous Consensus TEForecast
2023-05-08 11:30 PM Mar -1.9% 1.6% 0.4% 0.5%
2023-06-05 11:30 PM Apr -4.4% -1.9% -2.3% -1.9%
2023-07-06 11:30 PM May -4.4%


Related Last Previous Unit Reference
Household Spending -4.40 -1.90 percent Apr 2023
Household Spending MoM -1.30 -0.80 percent Apr 2023

Japan Household Spending YoY
In Japan, Household Spending YoY refers to the annual change of consumption expenditures (on food, housing, utilities, furniture, clothing, health, education, transport, communication, leisure activities, etc.) in real terms for two-or-more-person households including agricultural, forestry and fisheries households.
Actual Previous Highest Lowest Dates Unit Frequency
-4.40 -1.90 13.00 -16.20 2001 - 2023 percent Monthly
NSA

News Stream
Japan Household Spending Drops More than Expected
Household spending in Japan declined in real terms by 4.4% yoy in April 2023, compared with market consensus of a 2.3% fall and after a 1.9% drop in the prior month. This was the third time of contraction so far this year and the steepest decrease since June 2021, amid intense cost pressures. Expenditures fell at steeper paces for housing (-15.3% vs -5.5% in March), furniture & household utensils (-6.9% vs -4.2%), education (-19.5% vs -16.7%), and furniture & household utensils (-6.9% vs -4.2%). Also, spending on clothing & footwear decreased by 9.5% after rising by 1.5% previously. At the same time, spending growth slowed for medical care (2.5% vs 4.7%), transportation & communication (2.6% vs 3.0%), fuel, light & water charges (1.6% vs 6.7%), and culture & recreation (4.6% vs 10.4%).
2023-06-05
Japan Personal Spending Unexpectedly Drops
Household spending in Japan unexpectedly declined in real terms by 1.9% yoy in March 2023, missing market consensus of a 0.4% rise and reversing from a 1.6% growth in the prior month. This was the second time of contraction so far this year, as expenditures fell for housing (-5.5% vs 2.2% in February), furniture & household utensils (-4.2% vs -1.4%), education (-16.7% vs -15.9%), and furniture & household utensils (-4.2% vs -1.4%). At the same time, spending growth slowed for medical care (4.7% vs 1.1%), transportation & communication (3.0% vs 4.0%), clothing & footwear (1.5% vs 10.4%), fuel, light & water charges (6.7% vs 13.2%), and culture & recreation (10.4% vs 10.8%).
2023-05-08
Japan Personal Spending Rises Less than Expected
Household spending in Japan increased in real terms by 1.6% yoy in February 2023, reversing from a 0.3% fall in the prior month but falling short of market estimates of a 4.3% growth. This was the first rise in personal spending since last October, as expenditures bounced back for housing (2.2% vs -12.1% in January), medical care (1.1% vs -7.1%), and transportation & communication (4.0% vs -1.0%). Also, spending grew further for clothing & footwear (10.4% vs 5.1%), fuel, light & water charges (13.2% vs 5.3%), and culture & recreation (10.8% vs 18.6%). On the flip side, expenditures continued to fall for both furniture & household utensils (-1.4% vs -9.1%) and education (-15.9% vs -9.6%), furniture & household utensils (-1.4% vs -9.1%).
2023-04-07