Household spending in Japan rose by 2.3% in real terms from the prior year in September 2022, slowing from a 5.1% gain a month and missing market consensus of 2.7%. This was the fourth straight month of increases in personal expenditure but the weakest pace in the sequence, amid a slowdown in spending for clothing (7.3% vs 8.1% in August), transport (8.8% vs 11.6%), and culture & recreation (12.6% vs 20.6%). In addition, expenditure fell for housing (-5.6% vs -2.5%), medical care (-1.2% vs 15.1%), fuel, light & water charges (-1.6% vs -3.1%), education (-9.1% vs 7.0%), and other consumption (-0.5% vs 5.6%). On the flip side, consumption of food grew faster (1.2% vs 0.9%), amid a sharp rebound in spending on furniture (14.3% vs -10.8%). On a monthly basis, spending rose 1.8%, the first rise in three months and slightly above consensus of 1.7%. source: Ministry of Internal Affairs & Communications

Household Spending in Japan averaged -0.69 percent from 2001 until 2022, 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 December of 2022.

Household Spending in Japan is expected to be 0.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Japan Household Spending YoY is projected to trend around 1.10 percent in 2023 and 2.00 percent in 2024, according to our econometric models.

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Japan Household Spending YoY



Calendar GMT Actual Previous Consensus TEForecast
2022-10-06 11:30 PM Aug 5.1% 3.4% 6.7% 3.1%
2022-11-07 11:30 PM Sep 2.3% 5.1% 2.7% 4.3%
2022-12-05 11:30 PM Oct 2.3% 1% 1.4%


Related Last Previous Unit Reference
Household Spending 2.30 5.10 percent Sep 2022
Household Spending MoM 1.80 -1.70 percent Sep 2022

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
2.30 5.10 13.00 -16.20 2001 - 2022 percent Monthly
NSA

News Stream
Japan Household Spending Rises for 4th Month
Household spending in Japan rose by 2.3% in real terms from the prior year in September 2022, slowing from a 5.1% gain a month and missing market consensus of 2.7%. This was the fourth straight month of increases in personal expenditure but the weakest pace in the sequence, amid a slowdown in spending for clothing (7.3% vs 8.1% in August), transport (8.8% vs 11.6%), and culture & recreation (12.6% vs 20.6%). In addition, expenditure fell for housing (-5.6% vs -2.5%), medical care (-1.2% vs 15.1%), fuel, light & water charges (-1.6% vs -3.1%), education (-9.1% vs 7.0%), and other consumption (-0.5% vs 5.6%). On the flip side, consumption of food grew faster (1.2% vs 0.9%), amid a sharp rebound in spending on furniture (14.3% vs -10.8%). On a monthly basis, spending rose 1.8%, the first rise in three months and slightly above consensus of 1.7%.
2022-11-08
Japan Household Spending Grows the Most in 7 Months
Household spending in Japan rose by 5.1% in real terms from the prior year in August 2022, quickening from a 3.4% gain a month earlier and compared with market consensus of 6.7%. This was the third straight month of increase in personal consumption and the strongest pace since January, amid the lifting of COVID-19 restrictions and cash handouts to low-income households. Expenditure accelerated for transport (11.6% vs 7.0% in July), medical care (15.1% vs 9.3%), and culture & recreation (20.6% vs 11.2%), while spending on food rebounded (0.9% vs -1.3%) and that on clothing (8.1% vs 0.6%) and other consumption (5.6% vs flat reading) picked up strongly. Meantime, expenditure on education slowed sharply (7.0% vs 16.2%), amid falls in spending on housing (-2.5% vs 19.0%), fuel, light & water charges (-3.1% vs -2.1%), and furniture (-10.8% vs -5.6%).
2022-10-06
Japan Personal Spending Rebounds Strongly
Household spending in Japan rose by 3.5% in real terms from the prior year in June 2022, surpassing market consensus of 1.5% and shifting from a 0.5% fall a month earlier. The latest figure marked the first increase in personal consumption since February and the steepest pace in five months, as consumption recovered robustly amid an improvement in the COVID-19 situation. There was an upturn in spending on housing (13.2% vs -7.5% in May), medical care (4% vs -1.2%), and clothing (0.2% vs -12.0%), with consumers spending more on culture & recreation (13.3% vs 9.2%). On the flip side, consumption fell for food food (-1% vs -0.5%), furniture (-5.5% vs -2.3%), fuel, light & water charges (-2.9% vs 0.5%), and education (-4.7% vs -10.2%).
2022-08-05