AI Data Insight

The year-over-year contribution of Japan's private consumption to nominal GDP in the first quarter of 2026 reached 0.4%, slightly up from 0.3% in the previous quarter, indicating a continued recovery in domestic demand momentum. Benefiting from the Shunto wage hikes and government subsidies taking effect, end-user consumer spending improved, but energy price volatility triggered by the Middle East situation remains a potential future risk.

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