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.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.