The inflation data will be another post, June CPI nationally and July CPI for Tokyo
Overall Household Spending y/y for June, 2.3% y/y - this is great number for the BOJ and the government
- expected +0.5%, prior was -0.1%
- Up the most since August 2015 and a good sign for improved domestic demand
Jobless Rate for June, 2.8% - a big beat!
- expected 3.0%, prior was 3.1%
Job-To-Applicant Ratio for June, 1.51
- expected 1.50, prior was 1.49
- Availability of jobs up for the 4th straight month & this is at its highest since February of ... wait for it ... 1974!
Tthe household spending jump will be very welcome indeed. Consumption, spending .... these have been persistent weak spots for the Japanese economy but some life is being seen here.
The data for the job market is also encouraging, tighter labour markets also contributing to higher private consumption ... although wage rises are still very slow.
