Household spending in Japan declined 0.6 percent in real terms in December from the previous year following a 1.1 percent gain in the previous month and compared to consensus of a 2.4 percent decline. The decline was mainly triggered by sharp contractions in clothing & footwear spending (-11.8 percent vs -16.8 percent in November) and culture & recreation (-11.4 percent). Also, spending in fuel, light & water charges increased 2.9 percent after rising 10.6 percent in the previous month, while expenditures in education also lost steam (16.4 percent vs. 25.6 percent). In contrast, spending in housing surged 15.4 percent. On a monthly basis, spending rebounded 0.9 percent after declining 1.8 percent, and compared with expectations of a 1.9 percent decrease. source: Ministry of Internal Affairs & Communications
Household Spending in Japan averaged -0.85 percent from 2001 until 2021, reaching an all time high of 9.50 percent in September of 2019 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 February of 2021.
Household Spending in Japan is expected to be 1.30 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 0.80 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.