Japan – Sep Household Spending
08/11/2019 09:54 am MYT
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On a month-on-month basis, both nominal and real monthly expenditures for two-or-more-person households in Sep rose by 5.5%. On a year-on-year basis, nominal and real household spending jumped by 9.8% and 9.5% respectively. Meanwhile, year-on-year nominal and real worker households’ spending respectively also jumped by 8.0% and 7.7% – see figure 1. The average propensity to consume for workers’ households rose from 70.2% in Aug to 75.1% in Sep. The strong performance in household spending in Sep was due to the last minute purchase before the consumption tax hike took effect. Household spending is expected to plunge in the coming months.


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