Real Final Consumption Expenditure for Japan
NCRSAXDCJPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
104,841,635.80
Year-over-Year Change
2.63%
Date Range
1/1/1995 - 1/1/2025
Summary
The Real Final Consumption Expenditure for Japan measures the total value of goods and services consumed by households and non-profit institutions in Japan, adjusted for inflation. This key economic indicator provides insights into consumer demand and the overall health of the Japanese economy.
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
Real Final Consumption Expenditure for Japan represents the inflation-adjusted total value of consumer purchases, including both goods and services. It is a widely-used metric for evaluating trends in domestic consumption, a major driver of economic growth. Policymakers and analysts closely monitor this data to assess the strength of the Japanese consumer sector.
Methodology
The data is collected by Japan's Cabinet Office through surveys of household and institutional spending.
Historical Context
Real consumption expenditure is a critical input for policymakers at the Bank of Japan and other institutions when formulating monetary and fiscal policies.
Key Facts
- Japan's real consumption expenditure reached a record high in Q4 2021.
- Consumer spending accounts for over 50% of Japan's GDP.
- Household consumption has been a key driver of Japan's economic recovery.
FAQs
Q: What does this economic trend measure?
A: The Real Final Consumption Expenditure for Japan measures the total value of goods and services consumed by households and non-profit institutions in the country, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into consumer demand and the overall health of the Japanese economy, making it a critical indicator for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected by Japan's Cabinet Office through surveys of household and institutional spending.
Q: How is this trend used in economic policy?
A: Real consumption expenditure is a key input for the Bank of Japan and other institutions when formulating monetary and fiscal policies to support economic growth.
Q: Are there update delays or limitations?
A: The data is typically released on a quarterly basis with a short delay, providing timely insights into the Japanese consumer sector.
Related Trends
Interest Rates: Immediate Rates (< 24 Hours): Call Money/Interbank Rate: Total for Japan
IRSTCI01JPM156N
Use of Financial Services, Liabilities: Outstanding Deposits by Households at Commercial Banks for Japan
JPNFCLODCHXDC
Production: Industry: Total Industry Excluding Construction for Japan
JPNPRINTO01GYSAM
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Housing for Japan
JPNCPGRHO01GYQ
Consumer Price Index: Health (COICOP 06): Total for Japan
JPNCP060000GPQ
Currency Conversions: EURO Exchange Rate: Spot, End of Period: EUR: National Currency for Japan
CCEUSP01JPM651N
Citation
U.S. Federal Reserve, Real Final Consumption Expenditure for Japan (NCRSAXDCJPQ), retrieved from FRED.