Household Spending
The Ministry of Internal Affairs and Communication (MIC), previously referred to as the Prime Minister's Office, released disposable income figures for July 2010.
A family with a working head-of-household had a gross income of Yen 562,094 (approx. US$6,613.65), a 1.0 % point decrease from the same month in 2009. Disposal income came to Yen 463,447, a 0.3% points YoY decrease. Notable was the steep increase in disposable income in December. This is due to the year-end bonuses that Japanese workers receive.
As every major industrialized nation, Japan was hit hard by the economic crisis of 2008 and has yet to fully recover. As a consequence, spending was curtailed. Japanese, once famously big spenders on luxury brand goods, now tend to select more pedestrian goods. On the bright side, this constitutes an opportunity for lower price retailers such as Uniqlo to gain market share.
Japanese Working Household Expenditure & Average Consumption July 2010
Source: JMR charting of data reported in MIC, Family Income and Expenditure Survey Report
(click picture to enlarge)
Ministry of Internal Affairs and Communication (MIC) released disposable income figures for May 2010 for all households (including forestry and fishery workers) that shows monthly disposable income of Japanese at Yen 280,714 (approx. US$ 3,190), a 99.3% YoY change, marking the second downturn in two months.
Income for working households (so-called "salary workers") amounted to Yen 303,326 (approx. US$ 3,449), a 3.4% decrease compared to the same month last year. Salary worker data represented the second down-tick since March. On a seasonally-adjusted basis, average consumption for all workers inclined 0.1 percentage points rising from 72.7% to 72.8%.
Japanese Working Household Expenditure and Average Consumption (May 2010)
Source: JMR charting of data reported in MIC, Family Income and Expenditure Survey Report
(click picture to enlarge)
Previous updates:
Japanese Working Household Expenditure and Average Consumption for April 2010
Ministry of Internal Affairs and Communication (MIC) released disposable income figures for April 2010 for all households (including forestry and fishery workers) that shows monthly disposable income of Japanese at Yen 299,996 (approx. US$ 3,262), a 99.3% YoY change, marking a slight downturn after last month's more positive outlook.
Income for working households (so-called "salary workers") amounted to Yen 331,621 (approx. US$ 3,617), a 2.3% decrease compared to the same month last year. Salary worker data represented the first down-tick since last month. On a seasonally-adjusted basis, average consumption for all workers declined 5.4 percentage points falling to 72.7%.
Japanese Working Household Expenditure and Average Consumption (April 2010)
Source: JMR charting of data reported in MIC, Family Income and Expenditure Survey Report
(click picture to enlarge)
Japanese Working Household Expenditure and Average Consumption for March 2010
Ministry of Internal Affairs and Communication (MIC) released disposable income figures for March 2010 for all households (including forestry and fishery workers) that showed the figure at Yen 319,991 (approx. US$ 3,460) . On the spending side, March household expenditures posted a 4.4% YoY increase, marking the first upturn in spending in two months.
Income for working households (so-called "salary workers) amounted to Yen 352,552 (approx. US$ 34,810), a 3.6% increase compared to the same month last year. Salary worker data represented the first up-tick in two month. On a seasonally-adjusted basis, average consumption for all workers added on 5.9 percentage points raising to 78.1%.
Japanese Working Household Expenditure and Average Consumption (March 2010)
Source: JMR charting of data reported in MIC, Family Income and Expenditure Survey Report
(click picture to enlarge)
