Japan August Household Spending Falls 3.1% on Year, Ninth Straight Decline

MT newswire2026/10/09 00:01

08:01 PM EDT, 10/08/2026 (MT Newswires) -- Japan's household spending fell for a ninth month in August even as wages continued to climb, multiple outlets reported Thursday, citing data from the Ministry of Internal Affairs and Communications. Inflation-adjusted household outlays declined 3.1% from a year earlier, less than the 3.6% drop economists had forecast, the reports said. Spending rose 0.1% from the previous month on a seasonally adjusted basis. Real wages have risen every month this year, but that hasn't translated into stronger consumer demand, Bloomberg said.

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