Household spending up 1.0% in March; Income and disposable income up as well

April 29, 2007
By Ken Worsley

Continuing on with Friday’s economic reports, the Ministry of Internal Affairs and Communications released figures for household spending in March. The report showed that Japan’s household spending increased by 0.1% over a year earlier, showing an increase for the third consecutive month. The average household spent 313,563 yen in March.

Economists had projected an increase of 0.7%, but the final numbers fell much lower than that. February had shown an increase of 1.3% year-on-year. The report also showed that on average, income at households in Japan had increased 3.5% over a year ago, having risen for the sixth consecutive month. Further, disposable income rose by 4.0%, showing its fifth consecutive monthly rise.

We’re waiting to see where all that money went. The man or woman on the street says he’s saving it…one thing we can be sure about is that he or she is not spending it on a new Play Station 3.

Filed Under Consumer Spending, Labor and Wages