Japan July household spending +0.1% y/y
The Japan July household spending has came in lower than expected at +0.1% y/y with m/m decline. It paints a mixed picture for the BoJ as both wage and headline CPI edges up but the consumption behavior of Japanese residents are only slowly transitioning.
Preparing for the U.S. NFP, USD/JPY is trading 0.11% lower at 143.27.