Japan data - overall household spending, jobless rate, and job-to-applicant ratio

Overall Household Spending for January, -5.1% y/y

  • expected -4.1%, prior was -3.4%

Jobless Rate for January, 3.6%

  • expected 3.4%, prior was 3.4%

Job-To-Applicant Ratio for January, 1.14

  • expected 1.15, prior was 1.15

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We had Japanese inflation data out at the same time ... here

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That household spending result is dreadful ...

  • its fallen for 10 consecutive months
  • And at -5.1% it's the fastest fall since September
  • Meanwhile, unemployment at its highest since September 2014 also

Will the last person to leave Japan please turn out the lights?