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%). source: Ministry of Internal Affairs & Communications
Household Spending in Japan averaged -0.74 percent from 2001 until 2022, 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 YoY - data, historical chart, forecasts and calendar of releases - was last updated on August of 2022.
Household Spending in Japan is expected to be 3.00 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 2.00 percent in 2023, according to our econometric models.