May 2026 data from Japan.
Household spending:
+3.7% m/m
- expected +1.4%, prior +1.6%
-0.3% y/y
- expected -2.5%, prior -0.5%
Wages:
Average Cash Earnings +3.2% y/y
- expected +3.4%, prior +3.5%)
Same Sample Base Cash Earnings +2.9%
- prior +2.9%
Overtime Pay +2.9% y/y
- prior +4.2%
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I’ll have more to come on this separately.
This article was written by Eamonn Sheridan at investinglive.com.