Japan Sees First Rise in Household Spending in Over a Year

April marks a modest 0.5% increase, but high prices continue to weigh on consumer confidence

• Household spending in Japan rose 0.5% in April, the first increase in 14 months.
• Despite the rise, month-on-month spending fell by 1.2% from March.
• Increased expenditures were noted in education, rent, and clothing.
• Spending on food, cars, and entertainment saw declines.
• Policymakers remain concerned about weak private consumption impacting economic growth.

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