Household spending in Japan rose 11.6% in real terms from a year earlier in May 2021, after a 13% gain in April and above market expectations of 10.9%. This was the third straight month of increase in personal consumption, amid base effects from 2020's sharp fall due to the initial impact of the COVID-19 crisis. Spending continued to rise for food (2.1% vs 3.5 in April), housing (28.9% vs 15.3%), clothing (13% vs 84.8%), medical care (14.9% vs 8.9%), transport & communication (23.5% vs 20.1%), education (22.8% vs 15.5%), and culture & recreation (24% vs 25.1%). On the other hand, consumers spent less on fuel, light & water charges, which was the second time since May 2020 (-2.4% vs -5.1%). Also, spending on furniture & household declined for the first time in three months (-2.6% vs 9.2%). On a monthly basis, household spending fell by 2.1%, less than consensus of a 3.7% drop and after a 0.1% gain in April. source: Ministry of Internal Affairs & Communications

Household Spending in Japan averaged -0.76 percent from 2001 until 2021, reaching an all time high of 13 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 - data, historical chart, forecasts and calendar of releases - was last updated on July of 2021.

Household Spending in Japan is expected to be 8.00 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 6.00 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
11.60 13.00 13.00 -16.20 2001 - 2021 percent Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
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%
2021-06-03 11:30 PM Apr 13% 6.2% 9.3% 9.5%
2021-07-05 11:30 PM May 11.6% 13% 10.9% 11%
2021-08-05 11:30 PM Jun 11.6%
2021-09-06 11:30 PM Jul
2021-10-07 11:30 PM Aug
2021-11-04 11:30 PM Sep


News Stream
Japan Personal Spending Growth Slows
Household spending in Japan rose 11.6% in real terms from a year earlier in May 2021, after a 13% gain in April and compared with market expectations of 10.9%. This was the third straight month of increase in personal consumption, amid base effects from 2020's sharp fall due to the initial impact of the COVID-19 crisis. Spending continued to rise for food (2.1% vs 3.5 in April), housing (28.9% vs 15.3%), clothing (13% vs 84.8%), medical care (14.9% vs 8.9%), transport & communication (23.5% vs 20.1%), education (22.8% vs 15.5%), and culture & recreation (24% vs 25.1%). On the other hand, consumers spent less on fuel, light & water charges, which was the second time since May 2020 (-2.4% vs -5.1%). Also, spending on furniture & household declined for the first time in three months (-2.6% vs 9.2%). On a monthly basis, household spending fell by 2.1%, less than consensus of a 3.7% drop and after a 0.1% gain in April.
2021-07-05
Japan Household Spending Rises More than Expected
Household spending in Japan surged 13% in real terms from a year earlier in April 2021, accelerating from a 6.2% gain in March and well above market expectations of 9.3%. This was the steepest increase since comparable monthly data became available in January 2001 and amid base effects from 2020's sharp fall due to the initial impact of the COVID-19 crisis. Spending rose for most categories: food (3.5% vs flat reading in March), clothing (84.8% vs 4.4%), housing (15.3% vs 26.5%), furniture & household (9.2% vs 7.4%), medical care (8.9% vs 7.1%), transport & communication (20.1% vs -2.7%), education (15.5% vs 33.3%), and culture & recreation (25.1% vs 12.3%). On the other hand, consumers spent less on fuel, light & water charges, which was the first time since May 2020 (-5.1% vs 7.8%). On a monthly basis, household spending unexpectedly grew by 0.1%, beating consensus of a 2.2% drop and after a 7.2% surge in March.
2021-06-03
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
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.