Household spending in Japan surged 13% in real terms from a year earlier in April 2021, accelerating from a 6.2% gain in March and well above market expectations of 9.3%. This was the steepest increase since comparable monthly data became available in January 2001 and amid base effects from 2020's sharp fall due to the initial impact of the COVID-19 crisis. Spending rose for most categories: food (3.5% vs flat reading in March), clothing (84.8% vs 4.4%), housing (15.3% vs 26.5%), furniture & household (9.2% vs 7.4%), medical care (8.9% vs 7.1%), transport & communication (20.1% vs -2.7%), education (15.5% vs 33.3%), and culture & recreation (25.1% vs 12.3%). On the other hand, consumers spent less on fuel, light & water charges, which was the first time since May 2020 (-5.1% vs 7.8%). On a monthly basis, household spending unexpectedly grew by 0.1%, beating consensus of a 2.2% drop and after a 7.2% surge in March. source: Ministry of Internal Affairs & Communications
Household Spending in Japan averaged -0.81 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 June of 2021.
Household Spending in Japan is expected to be 1.70 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.