FX.co ★ Japan’s Private Consumption Edges Higher in Q4, Signalling Slight Pickup in Household Spending

Japan’s GDP private consumption posted a modest improvement in the fourth quarter, with quarter-over-quarter growth rising to 0.3%, up from 0.2% in the previous quarter. The data, updated on 9 March 2026, indicate a slight strengthening in household spending momentum at the end of 2025.

Both the previous and current readings refer to the fourth quarter of 2025, but they capture different comparison bases: the earlier 0.2% figure reflects the change from the third quarter to the fourth quarter, while the latest 0.3% result compares the current quarter’s performance to the one before it, underlining a mild but notable gain in private demand.