AI Data Insight
Japan's seasonally adjusted nominal household consumption for the first quarter of 2026 reached 345,310.3 billion yen, an increase of 0.71% from the previous period and a year-on-year growth of 4.62%. While overall GDP was revised downward due to sluggish equipment investment, personal consumption continued to play a key role in supporting the market, benefiting from strong Shunto wage hikes and government energy subsidies. Looking ahead, caution is needed regarding an inflation resurgence brought about by the yen's depreciation and the situation in the Middle East.