Japan’s Household Spending Expected to Grow at Slower Pace in July: Reuters Poll - Forex News by FX Leaders
Household spending

Japan’s Household Spending Expected to Grow at Slower Pace in July: Reuters Poll

Posted Friday, August 30, 2019 by
Arslan Butt • 1 min read

According to a recent Reuters poll, household spending in Japan is expected to have grown for an eighth consecutive month during July. However, the pace of growth is forecast to have reduced considerably, pointing to worrying signs of a slowdown in domestic demand.

Economists surveyed anticipate household spending to have grown by 1.1% YoY during July 2019, down from the 2.7% growth seen in June. Japan is considering increasing its sales tax from 8% to 10% in October, and this could spur household spending in the coming months.

So far, the Japanese economy has managed to continue growing, at 1.8% in Q2 2019, driven mainly by robust domestic demand. Any slowdown in household spending and domestic consumption can weigh heavily on the economy in the coming months as it is already reeling under the fallout of the US-China trade war.

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About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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