Household spending m/m: -2.0 % vs -1.4% exp

  • Household spending y/y prior -0.3%
  • Household spending m/m prior 0.4%

Mr and Mrs Watanabe are still not confident in opening their wallets although the y/y comes in a bit better, or did they put everything in the stock market or in bitcoin?
It’s an important measurement for consumer optimism/pessimism which should be keeping Abe’s government in alert and push for next Spring wage rises.

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