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Electronics Shipments, Household Spending Both up in April

May 30, 2007
By Ken Worsley


Some good news on the consumer good front for Japan: First, the value of domestic shipments of consumer electronics increased 7% year-on-year in April, showing a rise for the fifth straight month. Plasma and LCD TVs in particular were moving quickly, with shipments of those products up 45.4 and 37.3 percent, respectively.

Also, the Ministry of Internal Affairs and Communications announced on Tuesday that in April, household spending had increased 1.1 percent compared to the same month a year ago. According to the data, household spending on education led the increase, shooting up 15.3% in April.

The average monthly income of salaried households was unchanged at 472,446 yen in April, after having risen for six months in a row. Disposable income shrank 0.4 percent to 399,535 yen, showing the first decline in six months. Although regular income showed a slight fall, income from overtime and bonuses increased in April.

Consumer spending makes up about 55% of Japan’s GDP.

Filed Under Consumer Spending, Retail 

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Comments

One Response to “Electronics Shipments, Household Spending Both up in April”

  1. Reports on Japan’s Wages show very different stories : Japan Economy News & Blog on December 2nd, 2007 10:38 pm

    […] the past two months, we’ve seen household spending in Japan inch up, income and disposable income move up a tad, and electronics shipments increase as flat-panel TVs […]

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