Japanese Summer Holiday Budgets Fall 19,756 Yen to 85,145, First Drop in 5 Years
Updated
Updated · Japan Today · Jul 11
Japanese Summer Holiday Budgets Fall 19,756 Yen to 85,145, First Drop in 5 Years
2 articles · Updated · Japan Today · Jul 11
Summary
85,145 yen is the average amount Japanese people plan to spend on summer holidays this year, down 19,756 yen from the record 104,901 yen a year earlier, a first decline in five years.
20.7% of respondents said they will cut their holiday budget, versus 12.3% planning to spend more, with higher prices cited most often and lower income the next-biggest reason.
41.6% said they have no plans for summer outings, up from 35.3% last year, as extreme heat joined inflation as a key deterrent.
1,120 people in their 20s to 50s answered the Meiji Yasuda Life Insurance survey in June, reinforcing signs that households are prioritizing defense of day-to-day finances.