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.
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