Japan

Household Spending m/m JPY

Medium impact Updated after every release
Next release Mon, Nov 9 23:30 UTC · consensus 0.8% · previous 0.1%  

What this release is

Japan’s national statistics office, stat.go.jp, publishes the monthly Household Spending report. This release measures the change in consumer spending by households across Japan on a month over month basis, providing insight into the consumer sector of the economy.

Forex traders monitor household spending as it is a key indicator of economic activity and potential inflationary pressures. Stronger consumer spending can signal robust economic growth, which may influence the Bank of Japan’s monetary policy decisions. Changes in monetary policy, such as adjustments to interest rates, can affect the valuation of the Japanese Yen.

After past releases, market participants typically focus on the headline month over month percentage change. Revisions to prior period data can also draw attention. The report’s consistent monthly cadence allows for ongoing assessment of consumer trends.

How hard it hits, measured

123 releases · own feed
Typical USDJPY move
8pips / 1h
Median absolute move in the hour after the release
Big-release move
14pips / 1h
Top-quarter releases move at least this much
Largest measured
45pips
Biggest one-hour reaction in our archive
Direction reliability
n/a
Unlocks after 8 live-captured releases with consensus. Measured, never estimated
Pair5 min15 min1 hourBig release (1h)
USDJPY1.5p2.6p7.9p14p
AUDJPY1.7p2.3p6.3p12p
CADJPY1.4p2.2p4.6p11p
CHFJPY1.8p2.4p7.0p12p
EURJPY1.9p2.4p7.2p14p
GBPJPY2.1p2.9p9.9p17p
NZDJPY1.6p2.2p4.2p11p

How we measure: moves come from our own MT4 price feed and our archived minute bars, sampled 5, 15 and 60 minutes after each release against the pre-release price. No estimates, no third-party numbers. Releases where our feed had a gap are skipped, never guessed.

What usually happens

conditional history
Beat above consensus USDJPY closed the hour higher in 23 of 43 cases · median +1.6p n=43 live
Miss below consensus USDJPY closed the hour lower in 33 of 60 cases · median -1.6p n=60 live
In line within the surprise band Accumulating. Shows after 8 live-captured releases n=2 live

These are counts of what happened after past releases, conditional on the surprise direction. They are history, not a forecast, and never a trade recommendation. Sample sizes are shown because small samples mislead; rows stay locked until the sample is honest.

Release history

accumulates every release
DateActualForecastPreviousRevised toUSDJPY 1h
Oct 8, 20260.1%4.6%0.5%—+4.6p—
Sep 3, 20260.5%-3.9%-6.4%-6.3%-14p—
Aug 6, 2026-6.4%0.9%3.7%—+8.4p—
Jul 6, 20263.7%0.2%1.6%—+14p—
Jun 4, 20261.6%0.2%-1.3%—-0.1p—
May 11, 2026-1.3%0.2%1.5%———
Apr 6, 20261.5%0.2%-2.5%———
Mar 9, 2026-2.5%-1.5%-2.9%-2.2%-11p—
Feb 5, 2026-2.9%4.5%6.2%—-15p—
Jan 8, 20266.2%-0.3%-3.5%—+6.7p—
Dec 4, 2025-3.5%-3.1%-0.7%—-2.5p—
Nov 6, 2025-0.7%0.5%0.6%—+17p—
Oct 6, 20250.6%-3.3%1.7%—+14p—
Sep 4, 20251.7%0.2%-5.2%—-7.1p—
Aug 7, 2025-5.2%0.5%4.6%—+30p—
Jul 3, 20254.6%0.3%-1.8%—-19p—
Jun 5, 2025-1.8%-0.8%0.4%—+13p—
May 8, 20250.4%-0.5%3.5%—+11p—
Apr 3, 20253.5%-0.7%-4.5%—+21p—
Mar 10, 2025-4.5%-1.1%2.3%1.6%-5.1p—
Feb 6, 20252.3%0.8%0.4%—-27p—
Jan 9, 20250.4%0%2.9%—+5.5p—
Dec 5, 20242.9%-1.1%-1.3%—-11p—
Nov 7, 2024-1.3%0.4%2%—+2.5p—

Showing the latest 24 of 123 tracked releases.

Reaction = USDJPY move 60 minutes after the release, measured from our own price history. Story links appear for releases our news desk covered; every release gets a row here whether or not it gets a story. Values from before our live tracking began are the current figures in the official statistical series, so they include later revisions; live rows record the number as printed.

Market statistics, not financial advice. All reaction figures are measured from our own price feed under our published methodology.
← Back to the economic calendar