Japan household spending drops slightly less than expected in August
Japan's household spending declined slightly less than anticipated in August, marking the ninth consecutive month of falling consumer expenditure, according to data released by the internal affairs ministry on Friday. The monthly decline in spending was recorded at 3.1% compared to the same period last year, marginally better than the expected 3.5% decrease.
Despite a marginal month-to-month rise of 0.1% in spending with seasonal adjustments, it fell short of the anticipated 0.5% increase. The slowdown in Japanese private spending has been ongoing since 2026, influenced by persistent inflation and a weakening yen. Government subsidies on utility and fuel prices offered only limited relief to households.
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