AI Data Insight
In Q1 2026, Japan's average monthly services expenditure per household reached 126,931 yen, surging 17.2% from the previous value of 108,295 yen. Although overall consumer spending in Japan has continuously contracted due to the impact of high prices, the strong performance of services expenditures such as medical care and leisure has served as a key buffer. Looking ahead, whether the high-level wage increases from the Shunto (spring wage offensive) can push real wages into positive territory will be the core momentum sustaining Japan's domestic demand.