Japan data – September Household Spending -2.8% y/y (vs. expected -2.7%)

<p>more to come </p><p>September Household Spending -2.8% y/y </p><ul><li>expected -2.7%, prior -2.5%</li></ul><p>For the m/m +0.3%</p><ul><li>exp -0.4%, prior +3.9%</li></ul><p>The m/m rise is encouraging. Spending has been under pressure from<a href="https://www.forexlive.com/news/japan-data-september-labor-cash-earnings-12-yy-expected-10-20231106/" target="_blank" rel="follow"> falling real wages</a>, which is intertwined with climbing inflation. </p>

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