Japan data: Oct Wages +1.5% y/y (prior +1.2%), Household spending -2.5% y/y (expected -3%)

<p>Real wages continue to fall with the surge 9for Japan) in inflation rates. </p><ul><li>October real wages -2.3% y/y</li><li>the 19th consecutive month of decline</li></ul><p>Household spending m/m fel 0.1% (expected -0.2%). The y/y result is in the screenshot below, also not as big a fall as expected. "Not as bad as expected" remains largely applicable to Japanese economic data. </p>

This article was written by Eamonn Sheridan at www.forexlive.com.