Sources: Cabinet Office; Nippon Research Institute (NRI), "Consumer Sentiment Survey." Chart 3  Employee Income and Household Spending (2) Private Consumption  (1) Employee Income 4  y/y % chg.  110  (3) Housing Investment  s.a., CY 2010 = 100  18  s.a., tril.
yen  108 106 104  2  16 102 100 98  14  0 96  Consumption Activity Index (real)  Private residential investment (SNA, real)  94 92  -2  12  90  CY  10  11  12  13  14  15  16  CY 10  11  12  13  14  15  16  10 CY  11  12  13  14  15  16  Notes: 1.