Household spending in Japan dropped by 2.3% in real terms from the prior year in March 2022, compared with market forecasts of a 2.8 percent fall and reversing from a 1.1% rise a month earlier. The latest figure marked the first decline in personal consumption since last December, as consumers were wary of rising living costs and despite some easing of COVID-19 curbs. Consumption fell for most categories: food (-2.5% vs -3.6% in February), housing (-19.9% vs 5.3%), fuel, light & water charges (-3.2% vs 1.9%), culture & recreation (-1.4% vs 5.6%), furniture (-5.2% vs -5.0%), medical care (-1.3% vs -0.9%), and education (-8.2% vs -14.4%). In contrast, there was a sharp rebound in spending on clothing (0.1% vs -11%). source: Ministry of Internal Affairs & Communications

Household Spending in Japan averaged -0.75 percent from 2001 until 2022, 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 YoY - data, historical chart, forecasts and calendar of releases - was last updated on May of 2022.

Household Spending in Japan is expected to be 6.00 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 YoY is projected to trend around 2.00 percent in 2023, according to our econometric models.

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Japan Household Spending YoY



Calendar GMT Actual Previous Consensus TEForecast
2022-04-04 11:30 PM Feb 1.1% 6.9% 2.7% 7%
2022-05-09 11:30 PM Mar -2.3% 1.1% -2.8% -2.5%
2022-06-06 11:30 PM Apr -2.3%


Related Last Previous Unit Reference
Household Spending -2.30 1.10 percent Mar 2022
Household Spending MoM 4.10 -2.80 percent Mar 2022

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
-2.30 1.10 13.00 -16.20 2001 - 2022 percent Monthly
NSA

News Stream
Japan Personal Spending Falls for 1st Time in 3 Months
Household spending in Japan dropped by 2.3% in real terms from the prior year in March 2022, compared with market forecasts of a 2.8 percent fall and reversing from a 1.1% rise a month earlier. The latest figure marked the first decline in personal consumption since last December, as consumers were wary of rising living costs and despite some easing of COVID-19 curbs. Consumption fell for most categories: food (-2.5% vs -3.6% in February), housing (-19.9% vs 5.3%), fuel, light & water charges (-3.2% vs 1.9%), culture & recreation (-1.4% vs 5.6%), furniture (-5.2% vs -5.0%), medical care (-1.3% vs -0.9%), and education (-8.2% vs -14.4%). In contrast, there was a sharp rebound in spending on clothing (0.1% vs -11%).
2022-05-10
Japan Personal Spending Rises Less than Estimated
Household spending in Japan increased by 1.1% in real terms from the prior year in February 2022, below market forecasts of 2.7 percent and easing sharply from a 6.9% rise a month earlier which was the steepest pace in eight months. While expanding for the second straight month, the latest figure indicated that the consumer sector is facing growing headwinds from soaring prices, a weakening yen and the rapid spread of the Omicron variant. Spending on transport rose much softer (11.4% vs 32.2% in January), amid declines in consumption of food (-3.6 % vs 0.2%), furniture (-5.0% vs 2.8%), medical care (-0.9% vs 8.8%), housing (-5.3% vs 13.4%), clothing (-11.0% vs 5.9%), and education (-14.4% vs -3.9%). At the same time, spending on culture & recreation grew faster (5.6% vs 4.8%), while there was a rebound in consumption of fuel, light & water charges (1.9% vs -3.4%).
2022-04-04
Japan Personal Spending Rebounds Strongly
Household spending in Japan increased by 6.9% in real terms from the prior year in January 2022, easily beating market forecasts of 3.6 percent and reversing from a 0.2% fall a month earlier. This was the first rise in personal spending since last July and the strongest pace in eight months, as consumption recovered following soaring vaccinations. Consumption bounced back for food (0.2% vs -1.8% in December), culture & recreation (4.8% vs -2.7%), furniture (2.8% vs -11.7%), and medical care (8.8% vs -0.4%), amid a strong pickup in spending for housing (13.4% vs 4.2%), clothing (5.9% vs 1.7%), and transport (32.2% vs 13.4%). In contrast, there were declines in spending of both fuel, light & water charges (-3.4% vs -6.4%) and education (-3.9% vs 17.4%).
2022-03-10