Japan data - Overall Household Spending -0.4% y/y (+1.1% expected) and employment data

Japanese data (the CPI result is on another post)

Overall Household Spending y/y for September, -0.4% y/y

• expected +1.1%, prior was +2.9%

Jobless Rate for September, 3.4%

• expected 3.4%, prior was 3.4%

Job-To-Applicant Ratio for September, 1.24

• expected 1.24, prior was 1.23

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A miss on household spending (down 0.4% y/y and down 1.3% m/m ... the m/m expectation was for +0.3%).

That'll be another disappointment for the Bank of Japan.