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FINWIRES

Japan Household Spending Unexpectedly Falls; Incomes Grow in June

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Household spending in Japan fell in June even as incomes grew, according to government data released Friday.

Average monthly consumption expenditures for two-or-more-person households stood at 290,886 yen, marking a 3.3% drop in real terms compared with the same month a year earlier.

The latest data defied market expectations for a 1% rise, according to Trading Economics. It also marked the steepest pace of drop since January 2024.

In contrast, worker households recorded stronger income growth. Average monthly income rose to 1.01 million yen, up 2.0% in real terms from the previous year.

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