Consumer spending in Japan, which accounts for about half of the country’s GDP, decreased 1.3% to 285,101.6 billion yen in the third quarter of 2021 from 288,839.0 billion yen in the second quarter. The latest figures reflected a sharp decline in car sales and continued weakness in the services sector, as major Japanese cities were under a COVID-19 state of emergency for the most part of the third quarter. The Tokyo Summer Olympics, which took place from July 23 to August 8, also failed to ramp up spending because audiences were prohibited from most events. source: Cabinet Office, Japan
Consumer Spending in Japan averaged 253382.31 JPY Billion from 1980 until 2021, reaching an all time high of 310633.40 JPY Billion in the first quarter of 2014 and a record low of 150439.60 JPY Billion in the second quarter of 1980. This page provides - Japan Consumer Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news. Japan Consumer Spending - data, historical chart, forecasts and calendar of releases - was last updated on January of 2022.
Consumer Spending in Japan is expected to be 294550.00 JPY Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Japan Consumer Spending is projected to trend around 297495.00 JPY Billion in 2022 and 302552.00 JPY Billion in 2023, according to our econometric models.