The Cabinet Office of Japan released data on July 15 regarding the country’s GDP (Gross Domestic Product) for the second quarter of this year, covering April to June. This report revealed that personal consumption, which constitutes over half of Japan’s GDP, saw a modest increase of 0.2% compared to the previous three months.
Personal consumption is a critical component of the Japanese economy, reflecting the spending habits of households. As Japan experiences a particularly intense summer heatwave, it raises questions about how this extreme weather is influencing consumer behavior and spending patterns.
Source: www3.nhk.or.jp