AI Data Insight
In the first quarter of 2026, Japan's nominal private consumption reached 357,481.9 billion yen, an increase of 0.46% from the previous quarter, hitting another record high and serving as a key force supporting the overall economy. Despite the annualized quarterly growth rate of Japan's Q1 real GDP being slightly revised down to 1.8% due to weak corporate capital investment, consumption momentum remains robust under the escort of Shunto wage hikes and government subsidies. Looking ahead, it is necessary to be vigilant about the imported inflation risks brought by rising oil prices driven by the Middle East situation.