Published: 2025-10-07T00:53:54.000Z
USD/JPY flows: Household spending solid
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Japan August Household spending +2.3% y/y
The Japan August Household spending came in strong at +2.3% y/y and +0.6% m/m. It will be a pleasant surprise for the BoJ as it indicates a somewhat sustainable recovery in private consumption. However, with the new Japanese PM tilted towards fiscal spending, the BoJ may avoid a direct contradictory move and rend such data less impactful.
USD/JPY is trading 0.07% higher at 150.44.