Japan data shows April household spending fell from March, down 1.2% m/m ...Middle East

The Bank of Japan meets next week, June 13 and 14. It's a 'live' meeting with some expectations of a rate hike or at least a trimmining of Japanese Government Bond purchases. The data is mixed out of Japan, today we had April Household spending:-1.2% m/mprior +1.2%+0.5% y/yexpected +0.5%, prior -1.2%Authorities in Japan are hopeful that wage rises will boost consumption. Its too early to draw conclusions with the wage talks only just concluded (three-decade high wage hikes are the headlines, but are they enough?) Japanese Prime Minister Kishida This article was written by Eamonn Sheridan at www.forexlive.com.

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