AI Data Insight
Latest data shows that in November 2025, Japanese household nominal durable goods consumption fell to 27.6 trillion yen, a sharp decrease of 5.3% from the previous quarter. This not only erased mid-year gains but also set a new low since May 2024. Although overall GDP barely maintained positive growth, persistent inflation and negative real wage growth for the full year of 2025 forced households to significantly cut back on large non-essential expenditures.