Japan Household Saving Ratio and Income
Quarterly household sector disposable income, its components (compensation of employees, operating surplus, property income, taxes, social contributions and benefits), final consumption, saving and the household saving ratio, original and seasonally adjusted annualized series from January-March 1994, plus real disposable income deflated by the household consumption deflator.
| Indicator | Q1-2026 | Q4-2025 | Q3-2025 | Q2-2025 | Q1-2025 | Q4-2024 | Q3-2024 | Q2-2024 | Q1-2024 | Q4-2023 | Q3-2023 | Q2-2023 | Q1-2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Household saving ratio (seasonally adjusted, annualized) | 0.5 | -0.2 | -0.8 | -0.2 | -1 | -0.8 | 0.5 | 3.8 | 0.3 | -1.2 | 0.1 | -0.4 | ||
| Seasonally adjusted, annualized5 | ||||||||||||||
| Nominal disposable income7 | 347,665.6 | 343,037.6 | 338,802.4 | 337,733.2 | 332,256.8 | 327,801.3 | 329,921 | 337,028.8 | 322,402.7 | 317,704.1 | 319,999.4 | 317,893 | 319,602.1 | |
| Operating surplus and mixed income | 34,471 | 34,366.7 | 34,532.9 | 34,215.8 | 34,359.1 | 34,846.8 | 34,284.1 | 34,374.8 | 34,462.5 | 34,455.1 | 34,481.7 | 34,101.7 | 33,617.4 | |
| Compensation of employees (received) | 329,310.9 | 327,221.6 | 323,683.7 | 322,163.3 | 317,755.5 | 316,406.4 | 312,899.6 | 310,205.4 | 305,309 | 301,592 | 300,465.7 | 300,332.6 | 299,202.7 | |
| Property income, net | 38,085.3 | 35,288.9 | 34,936.5 | 33,733.9 | 31,781.8 | 28,916.9 | 30,695.1 | 29,609.4 | 24,781.8 | 27,227.8 | 28,333.6 | 29,215.9 | 28,653.2 | |
| Current taxes on income and wealth (paid) | 40,735.9 | 40,226.5 | 39,430.9 | 38,539.3 | 38,857 | 39,782.4 | 36,974.9 | 26,764.6 | 34,312.7 | 34,446.7 | 33,658.4 | 35,852.8 | 33,874 | |
| Net social contributions (paid) | 97,896 | 97,395.2 | 96,795.4 | 96,001.6 | 95,588.5 | 95,146.3 | 94,248.1 | 93,611.2 | 91,120.5 | 90,333.6 | 89,862.5 | 90,065.1 | 88,888.9 | |
| Social benefits other than social transfers in kind (received) | 87,324.6 | 87,053.8 | 86,422.6 | 86,358.1 | 86,565 | 86,740 | 86,974.8 | 87,221.7 | 86,800.2 | 82,012.7 | 83,021.2 | 82,356.8 | 82,218.6 | |
| Other current transfers, net | -2,894.4 | -3,271.8 | -4,547 | -4,197 | -3,759.1 | -4,180 | -3,709.6 | -4,006.7 | -3,517.6 | -2,803.3 | -2,781.8 | -2,196.1 | -1,326.8 | |
| Adjustment for the change in pension entitlements (received) | -702.1 | -675.9 | -743.9 | -751.6 | -758.1 | -849.8 | -881 | -985.8 | -1,047 | -1,055.3 | -1,076.2 | -1,324.9 | -1,101.2 | |
| Household final consumption expenditure | 345,310.3 | 342,887.2 | 340,822.3 | 337,549 | 334,836.5 | 329,484.3 | 327,364.6 | 323,358 | 320,440 | 320,540.2 | 318,499.1 | 317,740.2 | 318,551.9 | |
| Saving | 1,653.2 | -525.6 | -2,763.7 | -567.4 | -3,337.8 | -2,532.9 | 1,675.3 | 12,684.9 | 915.7 | -3,891.5 | 424.1 | -1,172 | -51 | |
| Real disposable income (chained 2020 yen) | 301,398.8 | 298,531.4 | 296,478.6 | 296,935.3 | 294,053.7 | 293,097.7 | 296,976.9 | 305,432.8 | 294,746.5 | 290,898.5 | 294,898.4 | 295,930.9 | 299,796 | |
| Household saving ratio (original series) | -5.9 | 4.2 | 0.4 | 0.5 | -8.2 | 4.3 | 1.3 | 5 | -7.6 | 4.2 | 0.7 | 0.1 | -7.3 | |
| Original series5 | ||||||||||||||
| Nominal disposable income7 | 81,443.9 | 91,311.5 | 85,152.3 | 84,225.2 | 77,288.8 | 87,890.7 | 82,531.5 | 84,657.1 | 74,463.4 | 85,543.8 | 79,755.7 | 79,296.2 | 74,076.8 | |
| Operating surplus and mixed income | 8,441.2 | 9,232.4 | 8,631 | 8,098.3 | 8,400.1 | 9,378.7 | 8,555.5 | 8,147.1 | 8,411.9 | 9,285.4 | 8,596.8 | 8,092.8 | 8,190.8 | |
| Compensation of employees (received) | 69,743.2 | 94,714.5 | 76,301.6 | 84,716.3 | 67,360.4 | 91,529.9 | 73,795.3 | 81,487.6 | 64,850.1 | 87,125.9 | 70,983.9 | 78,726.9 | 63,710.3 | |
| Property income, net | 11,681.8 | 6,036.6 | 11,273.1 | 6,785.8 | 9,604.2 | 5,084.6 | 9,818.8 | 5,957.4 | 7,428.5 | 5,019.5 | 8,884.9 | 5,854 | 8,550.3 | |
| Current taxes on income and wealth (paid) | 8,301.9 | 11,516.9 | 8,491.9 | 11,362.2 | 7,923.7 | 11,333.9 | 8,023.9 | 7,867.4 | 7,029.9 | 9,744.8 | 7,383.1 | 10,475.9 | 6,991.9 | |
| Net social contributions (paid) | 21,404.7 | 27,612.5 | 22,873.1 | 25,116.3 | 20,903 | 26,958.2 | 22,260.8 | 24,511.9 | 19,941.4 | 25,567.7 | 21,217.2 | 23,593 | 19,479.3 | |
| Social benefits other than social transfers in kind (received) | 21,861.6 | 21,497.7 | 21,387.9 | 22,090.4 | 21,573.9 | 21,469.1 | 21,516.9 | 22,372.1 | 21,527.1 | 20,355.7 | 20,525.7 | 21,165.9 | 20,311.4 | |
| Other current transfers, net | -577.3 | -1,040.3 | -1,076.2 | -987.2 | -823.1 | -1,279.5 | -870.3 | -927.8 | -782.9 | -930.2 | -635.4 | -474.6 | -214.9 | |
| Adjustment for the change in pension entitlements (received) | -77.4 | 83.6 | -91.6 | -633.4 | -92.7 | 38.9 | -120.5 | -691.9 | -167.8 | -14.8 | -168 | -772.6 | -180.7 | |
| Household final consumption expenditure | 86,185 | 87,592 | 84,701.1 | 83,167.4 | 83,557.4 | 84,175.8 | 81,313.4 | 79,778.5 | 79,922 | 81,956.5 | 79,067.4 | 78,436.1 | 79,316.6 | |
| Saving | -4,818.5 | 3,803.2 | 359.6 | 424.5 | -6,361.3 | 3,753.8 | 1,097.7 | 4,186.7 | -5,626.4 | 3,572.5 | 520.3 | 87.4 | -5,420.6 | |
| Real disposable income (chained 2020 yen) | 70,865.8 | 79,166.8 | 74,632 | 73,962.4 | 68,634.7 | 78,303.3 | 74,424 | 76,620.5 | 68,225.8 | 78,043 | 73,645.2 | 73,729.1 | 69,695.5 |
Latest reading
The latest reading is 0.5%, for Q1 2026. That is +0.7 pp from Q4 2025 and +1.5 pp from a year earlier. The series on this page is quarterly and runs from Q1 1994 to Q1 2026.
- Latest
- 0.5%
- Q1 2026
- vs previous period
- +0.7 pp
- Q4 2025
- vs a year earlier
- +1.5 pp
About this data
Quarterly household sector disposable income, its components (compensation of employees, operating surplus, property income, taxes, social contributions and benefits), final consumption, saving and the household saving ratio, original and seasonally adjusted annualized series from January-March 1994, plus real disposable income deflated by the household consumption deflator. Reference series compiled by the Cabinet Office's Economic and Social Research Institute (ESRI) alongside the quarterly GDP estimates; the seasonally adjusted series is re-estimated back to 1994 each release.
