Japanese annual household spending drops for 9 straight months

Japan’s household spending falls again despite wage gains

Consumers remain cautious as persistent inflation squeezes purchasing power.

Japanese annual household spending drops for 9 straight months

TOKYO, Oct 9 : Japanese household spending fell less than expected in August from a year earlier, government data showed on Friday, for a ninth straight month of decline.• Consumer spending fell 3.1 per cent year-on-year, data from the internal affairs ministry showed, less than the median market forecast f

Japan Spending Falls 3.1% for Ninth Month

Japan household spending fell 3.1% y/y in August 2026, a ninth straight drop but milder than forecast, even as real wages rose an eighth month.

Japan Household Spending Falls -3.1% as Wage Gains Fail to Lift Consumption - ActionForex

Japan’s household spending remained weak in August even as the decline moderated. Real spending by two-or-more-person households improved from -3.6% y/y in July to -3.1% in August, slightly better than the -3.5% consensus, but still marked a ninth consecutive annual contraction. Spending rose just 0.1% m/m on a seasonally adjusted basis. Average monthly consumption expenditure […]