Japan data – April household spending

-0.1% y/y

• expected +1.4%, prior +2.1%

-1.8% m/m

• expected -0.8%, prior +0.4%

more to come

Household spending is not benefitting from real wages continuing to fall in Japan. Pay is failing to keep up with inflation, which has been marked by soaring food prices:

• Japan April inflation adjusted wages -1.8% y/y, down for a fourth month

This article was written by Eamonn Sheridan at www.forexlive.com.