JPY Household Spending y/y
Consumer spending accounts for a majority of overall economic activity. It's one of the most important gauges of economic health due to the vast ripple effect consumer buying creates in the economy;
- JPY Household Spending y/y Graph
- History
Expected Impact / Date | Actual | Forecast | Previous |
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Jun 6, 2024 | 0.5% | 0.6% | -1.2% |
May 9, 2024 | -1.2% | -2.3% | -0.5% |
Apr 4, 2024 | -0.5% | -2.8% | -6.3% |
Mar 7, 2024 | -6.3% | -4.1% | -2.5% |
Feb 5, 2024 | -2.5% | -2.0% | -2.9% |
Jan 8, 2024 | -2.9% | -2.2% | -2.5% |
Dec 7, 2023 | -2.5% | -2.9% | -2.8% |
Nov 6, 2023 | -2.8% | -3.0% | -2.5% |
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- JPY Household Spending y/y News
- From channelnewsasia.com|Jun 6, 2024
Japanese household spending rose for the first time in 14 months in April from the year earlier, data showed on Friday, although the tepid growth showed consumers remained reluctant to loosen their purse-strings in the face of higher prices. Consumer spending rose 0.5 per cent in April from a year earlier, data from the internal affairs ministry showed. That was slightly below the median market forecast for a 0.6 per cent uptick. On a seasonally adjusted, month-on-month basis, spending fell 1.2 per cent, versus an estimated 0.2 per ...
- From channelnewsasia.com|May 9, 2024
Japan's consumer spending kept shrinking for a 13th straight month in March, government data showed on Friday, creating challenges for policymakers seeking to engineer self-sustaining economic growth and normalise monetary policy. Household spending fell 1.2 per cent in March from a year earlier, the data showed, against economists' median forecast for a 2.4 per cent drop and following a 0.5 per cent decline in February. On a seasonally adjusted, month-on-month basis, spending increased 1.2 per cent, versus an estimated 0.3 per cent ...
- From channelnewsasia.com|Mar 7, 2024
Japanese consumer spending in January fell by the most in 35 months, data showed on Friday, although a government official blamed one-off factors and played down the impact on broader consumption trends. Household spending in January decreased by 6.3 per cent from a year earlier and was down for the 11th straight month, the internal affairs ministry data showed. That was worse than the median market forecast for a 4.3 per cent decline and marked the biggest drop since February 2021. On a seasonally adjusted, month-on-month basis, ...
- From bnnbloomberg.ca|Feb 5, 2024
Japanese wage growth strengthened less than expected in December while still showing signs of sufficient underlying momentum to keep the Bank of Japan on track to end its negative rate regime in the coming months. Nominal cash earnings rose 1.0% in December from the previous year, with the help of a 0.5% gain in winter bonuses, the labor ministry reported Tuesday. It was an acceleration versus a month earlier but trailed analysts’ expectations of a 1.4% gain. Growth was modest compared with a year earlier, when special allowances ...
- From money.usnews.com|Dec 8, 2023
Recent weakness in consumption has emerged as a fresh source of concern for Bank of Japan policymakers who are eyeing an exit from negative interest rates, three sources familiar with its thinking said, suggesting market expectations of an imminent rate hike may be over-blown. The yen and Japanese bond yields have jumped on market expectations of an imminent policy change after BOJ Governor Kazuo Ueda said on Thursday the central bank will face an "even more challenging" situation in the year-end and next year. But Ueda's remark, ...
- From mainichi.jp|Dec 8, 2023
Japan's household spending in October fell 2.5 percent from a year earlier, down for the eighth consecutive month, as the unusually warm weather drove up prices of some vegetables and prompted people to refrain from buying, government data showed Friday. Households of two or more people spent an average of 301,974 yen ($2,097), the Ministry of Internal Affairs and Communications said. The rate of decline shrank slightly from a 2.8 percent drop in September. The weak spending came as separate data showed inflation-adjusted real wages ...
- From fxempire.com|Dec 7, 2023
On Friday, household spending, wage growth, and finalized GDP numbers for Q3 were in focus. The numbers could impact bets on a Bank of Japan pivot from negative rates. Bank of Japan Governor Kazuo Ueda sent the USD/JPY crashing after floating possible interest rate moves to parliament. A pickup in wage growth was the highlight of the numbers. Average cash earnings increased 1.5% year-over-year in October vs. 0.6% in September. The pickup could fuel consumer spending and demand-driven inflation, the missing piece of the jigsaw for the ...
- From mainichi.jp|Nov 6, 2023
Japan's household spending in September fell 2.8 percent from a year earlier for the seventh consecutive monthly fall, as people cut back spending on food and other items amid rising prices while real wages continue to slide, government data showed Tuesday. Households of two or more people spent an average of 282,969 yen ($1,890), the Ministry of Internal Affairs and Communications said. The rate of decline expanded from a 2.5 percent drop in August. Separate data showed that real, inflation-adjusted wages in September dropped 2.4 ...
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Released on Dec 7, 2023 |
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Released on Nov 6, 2023 |
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