Browse > Home / Economic Reports, Household Spending / Japan’s Household Spending Rose 0.1% in July - Fifth Consecutive Monthly Rise

Japan’s Household Spending Rose 0.1% in July - Fifth Consecutive Monthly Rise

July 31, 2007
By Ken Worsley


Earlier today, the Ministry of Internal Affairs announced that in June, average household spending at households with two or more people in Japan had risen for the fifth consecutive month by 0.1% to 280,587 yen. Although the rise was less than expected, and actually less than a year ago in nominal terms (by 0.1%), we still find it a tad surprising given the declines in retail sales, car sales, supermarket sales, consumer price index and consumer confidence.

July data showed monthly income per household at 735,579 yen, up 7.6% from a year ago. Consumption expenditures were at 300,190 yen, down 0.4% from July 2006. Disposable income also rose by 7.4 percent, and reached 607,088 yen.

So what did consumers spend on in July? According to the report, clothing and footwear expenditures were up 5.2%, culture and recreation was up 3.4%, and furniture and household utensils spending was up 3.3%.

On the other hand, spending on housing was down 6.0% and transportation and communication costs were down 5.0%. Fuel and utility charges were also down 2.8%.

Filed Under Economic Reports, Household Spending 

Social Bookmarks:
del.icio.us:Japan's Household Spending Rose 0.1% in July - Fifth Consecutive Monthly Rise digg:Japan's Household Spending Rose 0.1% in July - Fifth Consecutive Monthly Rise newsvine:Japan's Household Spending Rose 0.1% in July - Fifth Consecutive Monthly Rise furl:Japan's Household Spending Rose 0.1% in July - Fifth Consecutive Monthly Rise reddit:Japan's Household Spending Rose 0.1% in July - Fifth Consecutive Monthly Rise
Related Posts:
Japan’s Household Spending up 0.4% in May
Household spending up 1.0% in March; Income and disposable income up as well
Japan’s exports up 8.1% in July; China imports more from Japan than the US for the first time since WW2
A Quick Summary of What’s Worth Reading this Saturday
Japan’s April Supermarket Sales: Down 1.0% for 16th Consecutive Month

Comments

One Response to “Japan’s Household Spending Rose 0.1% in July - Fifth Consecutive Monthly Rise”

  1. A Quick Summary of What’s Worth Reading this Saturday : Japan Economy News & Blog on December 2nd, 2007 11:07 pm

    […] On Friday, the Ministry of Internal Affairs and Communications announced that household spending in Japan was down down 0.1% in real terms from a year before to an average 291,632 yen. This follows five consecutive months of rise. […]

Got something to say?