Global Markets Investor(@GlobalMktObserv):Japan's household spending is COLLAPSING: Japan's real household spending dropped -6.8% YoY in September 2026, its steepest decline since the 2020 lockdowns. Spending has now fallen in 10 of the last 11 months, led by declines in transport, education and entertainment. Meanwhile, real wages increased +2.2% YoY, while nominal cash earnings jumped +4.6%, their largest increase since 1997. Yet stronger wages are failing to translate into higher consumption, as households remain concerned about persistent increases in living costs. Japan's consumer spending downturn is deepening.

2026.11.10 08:26

Japan's household spending is COLLAPSING: Japan's real household spending dropped -6.8% YoY in September 2026, its steepest decline since the 2020 lockdowns. Spending has now fallen in 10 of the last 11 months, led by declines in transport, education and entertainment. Meanwhile, real wages increased +2.2% YoY, while nominal cash earnings jumped +4.6%, their largest increase since 1997. Yet stronger wages are failing to translate into higher consumption, as households remain concerned about persistent increases in living costs. Japan's consumer spending downturn is deepening.