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Japanese household spending edges up in July

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Japanese household spending edges up in July

The average monthly spending per household in Japan came in at ¥283,387 in July, rising by 0.4% in real terms and 1.5% in nominal terms from the prior year, data from the Ministry of Internal Affairs and Communications showed.

Spending in education climbed by 13.6% in real terms, while spending in transportation and communication rose 10.2% and medical care spending increased 5.1% from July 2017. In contrast, spending in clothing and footwear declined 10.0% while spending in culture and recreation slipped 3.2%.

Based on discontinuity-adjusted figures, household spending in July rose 1.2% in nominal terms and 0.1% in real terms from a year ago.

Meanwhile, the average monthly income per workers' household stood at ¥605,746 in July, up by 0.2% in real terms and 1.3% in nominal terms from the prior year. Adjusted for discontinuity, the average monthly income declined 0.5% in nominal terms and 1.6% in real terms.

As of Sept. 6, US$1 was equivalent to ¥110.86.