January household spending data in Japan shows a significant drop - more ...Middle East

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January household spending data in Japan shows a significant drop - more
More on the household spending data from Japan earlier, a huge drop:Japan data - January Household Spending -6.3% y/y (expected -4.1%)More:fell by the most in 35 monthsdown for the 11th straight monthbiggest drop since February 2021 Excuses offered up by a Japanese official include: One-off factors such as decreases in new car purchasesfactory suspensions lower energy bills due to warm weather higher spending in the same month last year from post-pandemic travel subsidiesI can't see this data as supporting a near-term Bank of Japan tightening, but wages data is suggesting its coming:Japan wages are expected to see their biggest rise in 31 yearsBank of Japan This artic

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