AI Data Insight
Japan's nominal private consumption in the first quarter of 2026 recorded 88.8376 trillion yen. Affected by seasonal factors, it pulled back from 91.3 trillion yen in the previous quarter, but achieved a steady growth of over 5% compared to the same period last year. Seasonally adjusted real personal consumption rose 0.3% quarter-on-quarter, outperforming the previous quarter and meeting market expectations. Looking ahead, the virtuous cycle between wages and prices is expected to continue developing, but attention must still be paid to the potential interference of the Middle East situation on inflation.