Consumer Pulse.
A monthly top-down read on the Japanese consumer environment. The shifts that matter, and where they land by sub-industry.
§ 01
Macro Pulse — latest reading
Real wages YoY
Data pending
Inbound arrivals
Data pending
Consumer confidence
Data pending
National Core-Core CPI
Data pending
§ 02
Framework tracker
The framework evolves monthly. Each issue identifies one thing — the call, the dominant risk, the status of the thesis. The through-line is what the publication is for.
§ 03 · Latest issue
· August 2026
Consumer Pulse : August 2026
All issues
The Consumer Pulse archive · monthly · 6 issues published