Japan's household spending declined 2 percent from a year earlier in November 2019, following a 5.1 percent decline in the previous month. It was the second annual decline in spending in 2019, as consumers cut purchases after a sales tax hike in October and as a typhoon disrupted business. Spending declined for furniture & household utensils (-13.1 percent vs -16.3 percent); housing purchases (-4.1 percent vs -12.7 percent); education (-17.1 percent vs -15.9 percent); clothing & footwear (-6.8 percent vs -10.7 percent), and fuel, light & water charges (-1.5 percent vs -4.6 percent). In contrast, spending rose for recreation & culture (3.4 percent vs -5.1 percent); food (0.2 percent vs -3.9 percent), and medical care (6.0 percent vs -2.8 percent). On a monthly basis, household spending rebounded 2.6 percent after plummeting 11.5 percent. Household Spending in Japan averaged -0.61 percent from 2001 until 2020, reaching an all time high of 9.50 percent in September of 2019 and a record low of -10.60 percent in March of 2015. source: Ministry of Internal Affairs & Communications

Household Spending in Japan is expected to be 0.60 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 2.00 in 12 months time. In the long-term, the Japan Household Spending is projected to trend around 2.00 percent in 2020, according to our econometric models.


Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
width
height
Japan Household Spending

Actual Previous Highest Lowest Dates Unit Frequency
-2.00 -5.10 9.50 -10.60 2001 - 2020 percent Monthly
NSA



Calendar GMT Actual Previous Consensus TEForecast
2019-10-07 11:30 PM Aug 1% 0.8% 1.2% 1.2%
2019-11-07 11:30 PM Sep 9.5% 1% 7.8% 8%
2019-12-05 11:30 PM Oct -5.1% 9.5% -3% -2%
2020-01-09 11:30 PM Nov -2% -5.1% 2.5% -2.7%
2020-02-06 11:30 PM Dec -2% -3.2%


News Stream
2019-12-05
Japan Household Spending Falls the Most in Over 3-1/2-Years
Japan's household spending declined 5.1 percent from a year earlier in October 2019, following a 9.5 percent gain in the previous month and missing market expectations of a 3 percent drop. It was the first annual decline in spending in eleven months and the sharpest since March 2016, as consumers cut purchases after a sales tax hike and as a typhoon disrupted business. Spending on furniture & household utensils plunged 16.3 percent, after jumping 60.3 percent in September; and housing purchases dropped 12.7 percent after rising 11 percent. Also, spending fell in education (-15.9 percent vs 9 percent); clothing & footwear (-10.7 percent vs 15.9 percent); transportation & communication (-6.3 percent vs 15.4 percent); recreation & culture (-5.1 percent vs 10.8 percent); food (-3.9 percent vs 3 percent; and medical care (-2.8 percent vs 26.3 percent). On a monthly basis, household spending plummeted 11.5 percent after a 5.5 percent rise and compared with forecasts of a 9.8 percent fall.

2019-11-08
Japan Household Spending Growth Rate at Record High
Japan's household spending surged 9.5 percent from a year earlier in September 2019, accelerating from a 1.0 percent gain in the previous month and well above market expectations of a 7.8 percent rise. It was the tenth consecutive annual increase in spending, the longest such streak since comparable data became available in 2001, as consumers rushed their purchases before a sales tax hike. Spending on furniture & household utensils rebounded jumped 60.2 percent after rebounding 13.2 percent in the previous month, while medical care expenditure soared 26.3 percent after rising 1 percent. Also, transport & communication jumped 15.4 after a 3.4 percent advance, while clothing & footwear rose further (15.9 percent vs 15.9 percent). Meanwhile, food spending accelerated modestly (3 percent vs 1.6 percent). Housing (11 percent) and culture & recreation (10.8) also rose sharply. On a monthly basis, household spending surged 5.5 percent after increasing 2.4 percent in the previous month.

2019-10-07
Japan Household Spending Below Consensus
Japan's household spending increased 1.0 percent from a year earlier in August 2019, accelerating from a 0.8 percent gain in the previous month but below market expectations of a 1.2 percent rise. It was the ninth consecutive annual increase in spending, the longest such streak since comparable data became available in 2001. Spending on furniture & household utensils rebounded a sharp 13.2 percent after falling 7.5 percent in the previous month, while clothing & footwear also rebounded from a moderate decline (4.7 percent vs -3.4 percent). Increases were also seen for food (1.6 percent vs -0.5 percent), medical care (1 percent vs 8.5 percent), transport & communication (3.4 percent vs 2 percent), and culture & recreation (3.5 percent vs 2 percent). On a monthly basis, household spending rebounded 2.4 percent, slightly below market expectations of a 2.8 percent jump.

2019-09-06
Japan Household Spending Growth at 7-Month Low
Japan's household spending increased 0.8 percent from a year earlier in July 2019, easing from a 2.7 percent gain in the previous month and below market expectations of a 1.1 percent rise. It was the eight consecutive annual increase although the weakest since December, as spending on furniture & household utensils shrank 7.5 percent, clothing & footwear (-3.4 percent), fuel, light & water charges (-3.4 percent), and food (-0.5 percent). In contrast, medical care expenditure jumped 8.5 percent. On a monthly basis, household spending declined 0.9 percent, after decreasing 2.8 percent in the prior month and compared to market consensus of a 1.3 percent fall.

2019-08-05
Japan Household Spending Beats Consensus
Japan's household spending climbed 2.7 percent from a year earlier in June 2019, after a 4.0 percent gain in the previous month and compared to market expectations of a 1.4 percent increase. Slower growth from the previous month was mainly explained by housing (-4.0 percent from +6.7 percent) and education (-6.1 percent from +7.8 percent). Also, furniture & household utensils lost steam (+6.1 percent vs +12.8 percent). In contrast, medical care expenditure rebounded 8.8 percent after falling 0.8 percent. On a monthly basis, household spending declined 2.8 percent after a 5.5 percent surge in the previous month and compared to market consensus of a 3.0 percent decrease.

2019-07-04
Japan Household Spending Rises the Most in 4 Years
Japan's household spending jumped 4.0 percent from a year earlier in May 2019, after a 1.3 percent gain in the previous month and compared to market expectations of a 1.6 percent increase. It was the fastest rise in consumption since May 2015, mainly driven by furniture & household utensils (+12.8 percent), education (+7.8 percent), utilities (+6.9 percent), and housing (+6.7 percent). Meanwhile, medical care expenditure dropped 0.8 percent. On a monthly basis, household spending surged 5.5 percent, rebounding from a 1.4 percent fall in the previous month and compared to market consensus of a 1.2 percent gain.


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.

Japan Consumer Last Previous Highest Lowest Unit
Consumer Confidence 39.10 38.70 50.80 27.50 points [+]
Retail Sales MoM 4.50 -14.20 8.30 -14.20 percent [+]
Retail Sales YoY -2.10 -7.00 36.50 -14.30 percent [+]
Household Spending -2.00 -5.10 9.50 -10.60 percent [+]
Consumer Spending 303045.20 301418.50 306211.50 150439.60 JPY Billion [+]
Disposable Personal Income 389.94 446.42 1079.95 35.36 JPY Thousand [+]
Personal Savings 25.10 29.30 55.00 -9.90 percent [+]
Bank Lending Rate 0.95 0.95 9.90 0.90 percent [+]
Gasoline Prices 1.37 1.35 2.00 0.91 USD/Liter [+]
Households Debt To GDP 58.70 58.20 72.20 20.30 percent of GDP [+]
Consumer Credit 322298.00 320489.00 518228.00 278351.00 JPY Billion [+]