Japan June Household spending -6.4% m/m
The Japan June Household spending continues to fall by 3.3% y/y, a long consecutive fall and a scene not favorable by the BoJ. While real wage has been positive for most of 2026, consumers do not seem to be entertained to increase their spending at high price. If such persist, the BoJ may have a hard time justifying their future rate hikes.
USD/JPY is trading 0.06% lower at 158.31.