Household spending in Japan grew by 0.7% year-on-year in real terms in July 2021, missing market estimates of a 2.9 a % growth and after a 5.1% drop in the prior month. There was a rebound in spending on food (1.9% vs -1.6% in June), clothing (2.7% vs -15.1%), transport & communication (14.2% vs -5.8%), and culture & recreation (1.7% vs -0.2%). In contrast, spending declined for housing (-1.7% vs 1%), fuel, light & water charges (-5.9% vs -5.8%), furniture & household (-8.4% vs -21.7%), medical care (-7% vs 2.7%), and education (-9.9% vs 12.1%). On a monthly basis, household spending unexpectedly dropped by 0.9%, missing consensus of a 1.1% gain and after a 3.2% fall in July. source: Ministry of Internal Affairs & Communications
Household Spending in Japan averaged -0.77 percent from 2001 until 2021, 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 - data, historical chart, forecasts and calendar of releases - was last updated on September of 2021.
Household Spending in Japan is expected to be 5.00 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 is projected to trend around 2.00 percent in 2022, according to our econometric models.