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.