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.

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Japan Household Spending

Actual Previous Highest Lowest Dates Unit Frequency
6.20 -6.60 9.50 -16.20 2001 - 2021 percent Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2021-02-04 11:30 PM Dec -0.6% 1.1% -2.4% -2.1%
2021-03-08 11:30 PM Jan -6.1% -0.6% -2.1% -1.8%
2021-04-05 11:30 PM Feb -6.6% -6.1% -5.3% -5%
2021-05-10 11:30 PM Mar 6.2% -6.6% 1.5% 1%
2021-06-04 11:30 PM Apr 6.2%
2021-07-06 11:30 PM May
2021-08-06 11:30 PM Jun
2021-09-07 11:30 PM Jul


News Stream
Japan Household Spending Rises for 1st Time in 4 Months
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.
2021-05-11
Japan Household Spending Falls for Third Straight Month
Household spending in Japan plunged 6.6 percent in real terms in February of 2021 from a year earlier, following a 6.1 percent drop in the previous month and compared to a consensus of a 5.3 percent decline. It was the third consecutive monthly decline, as consumers spent less on food (-4.2 percent vs -2.2 percent in January), transport and communication (-13 percent vs -3.5 percent) and medical care (-6.7 percent vs -5.7 percent). On a monthly basis, household spending went up 2.4 percent, after falling 7.3 percent in the previous period but against market expectations of a 2.8 percent gain.
2021-04-05
Japan Household Spending Sinks 6.1% YoY
Household spending in Japan plunged 6.1 percent in real terms in January 2021 from the previous year following a 0.6 percent drop in the previous month and compared to consensus of a 2.1 percent decline. The decline was mainly triggered by sharp contractions in clothing & footwear spending (-28.8 percent vs -11.8 percent in December) and culture & recreation (-20.3 percent vs 11.4 percent). Also, expenditures in housing dropped 5.5 percent after growing 15.4 percent. In contrast, spending in fuel, light & water charges increased 5.5 percent after rising 2.9 percent in the previous month, whereas expenditures in education also lost steam (2.9 percent vs 16.4 percent). On a monthly basis, spending sank 7.3 percent, the biggest monthly fall since October 2019.
2021-03-08
Japan Household Spending Drops in December
Household spending in Japan declined 0.6 percent in real terms in December from the previous year following a 1.1 percent gain in the previous month and compared to consensus of a 2.4 percent decline. The decline was mainly triggered by sharp contractions in clothing & footwear spending (-11.8 percent vs -16.8 percent in November) and culture & recreation (-11.4 percent). Also, spending in fuel, light & water charges increased 2.9 percent after rising 10.6 percent in the previous month, while expenditures in education also lost steam (16.4 percent vs. 25.6 percent). In contrast, spending in housing surged 15.4 percent. On a monthly basis, spending rebounded 0.9 percent after declining 1.8 percent, and compared with expectations of a 1.9 percent decrease.
2021-02-04

Japan Household Spending
In Japan, household spending 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.