Consumer spending per household in August was ¥310,975, down 3.1% year on year in real terms after excluding the impact of price changes. The decline marks the ninth consecutive month of contraction.
According to the August Household Survey released by the Ministry of Internal Affairs and Communications, consumer spending per household (2 or more people) was ¥310,975.
In real terms, spending decreased 3.1% year on year, with the figure excluding the impact of price changes.
The decline marks the ninth consecutive month of contraction, indicating that household spending remains sluggish.