Japan’s Household Spending rises 9.5% YoY in Sept, fastest pace on record – JPY little changed

Dhwani Mehta FXStreet

According to the latest data published by the Japanese government, the country’s household spending rose at the fastest pace since comparable data available from 2001.

Japanese household spending rose 9.5% in September vs. a 7.8% increase expected and +1% previous. On a monthly basis, the figures came in at +5.5% vs. +3.8% expected.

Other minority data:

Japan sept inflation-adjusted real wages +0.6% YOY.

Japan real wages rise for first time in 9 months.

Japan sept nominal total cash earnings +0.8% YoY.

The recovery in the USD/JPY pair from a dip to 109.15 is seen fizzling out heading into Tokyo open, with markets assessing the latest mixed US-China trade headlines. At the press time, the spot trades around 109.25 region, almost unchanged on the day.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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