Household spending in Japan surged 6.2 percent in real terms in March of 2021 from a year earlier, rebounding sharply from a 6.6 percent plunge in the previous month and easily beating market consensus of a 1.5 percent rise. It was the first monthly increase in four months, and the strongest pace since September 2019, as consumer demand recovered sharply from the heavy blow it took from coronavirus emergency curbs last year. Consumers spent more for food medical care (7.1 percent), housing (26.5 percent), education (33.3 percent), furniture & household utensils (7.4 percent), and culture & recreation (12.3 percent). On a monthly basis, household spending jumped 7.2 percent, following a 2.4 percent growth in the previous period and above market expectations of a 2.1 percent gain. source: Ministry of Internal Affairs & Communications
Household Spending in Japan averaged -0.87 percent from 2001 until 2021, reaching an all time high of 9.50 percent in September of 2019 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 May of 2021.
Household Spending in Japan is expected to be 1.70 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 0.80 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.