AI Data Insight
In the first quarter of 2026, Japan's nominal household consumption reached 86,185.0 billion yen, declining 1.9% from the previous quarter due to seasonal factors, but boasting a high year-over-year growth rate of 4.7%. Coupled with a seasonally adjusted 0.3% quarter-over-quarter increase in real personal consumption, this indicates that Japan's real consumption continues to demonstrate the resilience of a mild recovery, bolstered by steady wage growth from the Shunto (spring wage offensive).