According to Nikkei reports, Japan's household savings rate for the fiscal year 2023 is 1.5%, continuing to decline for three consecutive years. Despite an increase in disposable income, consumption expenditure has also increased due to rising prices. Savings amount to 4.7 trillion yen, a reduction for three consecutive years. Household savings refer to the amount of disposable income that households save rather than spend on consumption. According to estimates from the Cabinet Office of Japan's national economic accounts, the highest recently recorded savings amount was 37.6 trillion yen in the fiscal year 2020. During the COVID-19 pandemic, consumption decreased, leading to a household savings rate of 11.8%. In recent years, as Japan's economic activities recovered and prices rose, there has been a sustained trend of households using savings for consumption. In the fiscal year 2023, household consumption expenditure stood at 314.8 trillion yen, while disposable income was 320.3 trillion yen. The remuneration of workers in the fiscal year 2023 increased by 1.9% compared to the previous fiscal year, marking three consecutive years of positive growth. The labor distribution rate, which reflects the share of workers' remuneration in national income, fell to 69.1%, continuing a decline for three consecutive years.