Japan household spending -6.9% y/y vs -6.7% expected

Japan real wages -1.4% y/y, down for sixth straight month Prior was -7.6% y/y Nominal cash earnings -1.3% y/y vs -1.2% exp Prior earnings -1.5% y/y Overtime pay -14.0% y/y Household spending -6.9% y/y Household spending +1.7% m/m vs +3.2% exp That’s a long ways from a v-shaped recovery in a country that hasn’t been […]

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