AI Data Insight
Latest data shows that nominal final consumption expenditure of Japanese households reached 348.2 trillion yen in November 2025, a significant jump of 2.77% from the previous value and setting a record high. This growth primarily benefited from the restoration of real purchasing power following the 2025 Shunto wage negotiations and expectations for winter bonuses. Analysts widely expect that a "wage-price" virtuous cycle has been established, which will support continued strength in domestic demand.