Household spending in Japan dropped 10.2 percent in real terms in September from the previous year following a 6.9 percent decline in the previous month and compared to consensus of a 10.7 percent drop. The sharpest contractions were observed in culture & recreation (-20.2 percent vs -23.4 percent in August), clothing & footwear (unchanged at -20.2 percent), transportation & communication (-9.2 vs -12.5 percent), medical care (-12.5 percent vs 11.7 percent), housing (-6.8 percent vs 1.1 percent), and food (-3.3 percent vs -3.9 percent). In contrast, expenditure in fuel, light and water charges increased 4.0 percent. On a monthly basis, spending advanced 3.8 percent after growing 1.7 percent, beating expectations of a 2.2 percent increase. source: Ministry of Internal Affairs & Communications
Household Spending in Japan averaged -0.87 percent from 2001 until 2020, 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 November of 2020.
Household Spending in Japan is expected to be 1.00 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 2021, according to our econometric models.