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.