According to the latest data released by the Japanese government, household spending in the country has continued to decline in March 2024. The indicator for household spending reached 1.2%, down from the previous month's 1.4%. This marks a consecutive decrease in household spending, indicating a potential trend that could impact the overall economy.
The comparison period for this data is month-over-month, with the previous indicator being from February 2024. The recent update on May 9, 2024, highlights the ongoing concern regarding the state of household finances in Japan. As consumer spending plays a significant role in economic growth, this downward trend in household spending could have broader implications for Japan's economic outlook moving forward.
