Research and analysis

Japan: household expenditure falls sharply

Households become much less willing to spend after the 1 April VAT increase.

• From: Foreign & Commonwealth Office
• Published: 3 June 2014

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Japan: household expenditure falls sharply

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Households become much less willing to spend after the 1 April VAT increase. Inflation strengthens mildly even without the impact of the tax increase, supporting the Bank of Japan’s price outlook so far.