Real Households Final Consumption Expenditure for Japan
NCPHIRSAXDCJPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
72,538,450.00
Year-over-Year Change
4.15%
Date Range
1/1/1994 - 7/1/2023
Summary
Real Households Final Consumption Expenditure for Japan measures inflation-adjusted consumer spending by Japanese households. It is a key indicator of economic activity and consumer demand.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This metric represents the total value of goods and services purchased by Japanese households, adjusted for price changes over time. It is a widely tracked statistic used by economists and policymakers to gauge the health of the Japanese economy.
Methodology
The data is collected through household surveys and compiled by the Japanese government.
Historical Context
Real Households Final Consumption Expenditure is a crucial input for assessing Japan's economic performance and consumer trends.
Key Facts
- Japan is the world's third-largest economy.
- Household consumption accounts for over 50% of Japan's GDP.
- Real Households Final Consumption Expenditure has seen steady growth in recent years.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total value of goods and services purchased by Japanese households, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: Real Households Final Consumption Expenditure is a key indicator of consumer demand and economic activity in Japan, making it highly relevant for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through household surveys and compiled by the Japanese government.
Q: How is this trend used in economic policy?
A: Policymakers and central banks closely monitor this metric to assess the health of the Japanese economy and make informed decisions on fiscal and monetary policies.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, with a typical delay of 2-3 months.
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Citation
U.S. Federal Reserve, Real Households Final Consumption Expenditure for Japan (NCPHIRSAXDCJPQ), retrieved from FRED.