In 2023, the household expenditure on funeral expenses in Japan stood at 14.88 thousand Japanese Yens. From 2024 to 2028, the forecasted data indicates a gradual decrease in expenditure from 14.82 to 14.6 thousand Japanese Yens. Analyzing the year-on-year variation, the expenditure is expected to decrease by 0.34% from 2024 to 2025, by 0.41% from 2025 to 2026, by 0.41% from 2026 to 2027, and by 0.34% from 2027 to 2028. The average annual variation (CAGR) over this forecast period is -0.48%, indicating a consistent but slight downward trend.
Future trends to watch for include the impact of Japan's aging population on funeral industry practices, potential shifts in cultural attitudes towards funerals, and advancements in funeral technology and services.
