Household spending in Japan declined in real terms by 4.2% yoy in June 2023, compared with market consensus of a 4.1% fall and after a 4.0% drop in the prior month. This was the fifth time of decrease in personal spending so far this year, amid intense cost pressures. Expenditures fell for most components, namely food (-3.9% vs -2.7% in May), housing (-2.9% vs -4.2%), furniture & household utensils (-17.6% vs -8.9%), clothing & footwear (-4.3% vs -4.8%), medical care (-8.5% vs -2.4%), culture & recreation (-2.5% vs 3.7%), and education (-9.6% vs 9.9%). At the same time, spending on fuel, light & water charges slowed sharply (0.6% vs 4.3%). Conversely, expenditures for transport & communication rebounded strongly (3.9% vs -11.4%). source: Ministry of Internal Affairs & Communications

Household Spending in Japan averaged -0.72 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 August of 2023.

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.

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Japan Household Spending YoY



Calendar GMT Reference Actual Previous Consensus TEForecast
2023-07-06 11:30 PM May -4% -4.4% -2.4% -2.1%
2023-08-07 11:30 PM Jun -4.2% -4% -4.1% -4%
2023-09-04 11:30 PM Jul -4.2% -4.3%


Related Last Previous Unit Reference
Household Spending -4.20 -4.00 percent Jun 2023
Household Spending MoM 0.90 -1.10 percent Jun 2023

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
-4.20 -4.00 13.00 -16.20 2001 - 2023 percent Monthly
NSA

News Stream
Japan Personal Spending Remains Weak
Household spending in Japan declined in real terms by 4.2% yoy in June 2023, compared with market consensus of a 4.1% fall and after a 4.0% drop in the prior month. This was the fifth time of decrease in personal spending so far this year, amid intense cost pressures. Expenditures fell for most components, namely food (-3.9% vs -2.7% in May), housing (-2.9% vs -4.2%), furniture & household utensils (-17.6% vs -8.9%), clothing & footwear (-4.3% vs -4.8%), medical care (-8.5% vs -2.4%), culture & recreation (-2.5% vs 3.7%), and education (-9.6% vs 9.9%). At the same time, spending on fuel, light & water charges slowed sharply (0.6% vs 4.3%). Conversely, expenditures for transport & communication rebounded strongly (3.9% vs -11.4%).
2023-08-07
Japan Personal Spending Falls More than Estimated
Household spending in Japan declined in real terms by 4.0% yoy in May 2023, compared with market consensus of a 2.4% fall and after a 4.4% drop in the prior month. This was the fourth time of decline in personal spending so far this year, amid intense cost pressures. Expenditures fell further for food (-2.7% vs -1.1% in April), housing (-4.2% vs -15.3%), furniture & household utensils (-8.9% vs -6.9%), clothing & footwear (-4.8% vs -9.5%), medical care (-2.4% vs2.5%), and transport & communication (-11.4% vs 2.6%). By contrast, spending rose for fuel, light & water charges (4.3% vs 1.6%), education (9.9% vs -19.5%), and culture & recreation (3.7% vs 4.6%).
2023-07-06
Japan Household Spending Drops More than Expected
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%).
2023-06-05