Overall Household Spending -0.2% y/y for July,

  • expected +0.5%, prior was -2.0%

Jobless Rate for July, 3.3%

  • expected 3.4%, prior was 3.4%

Job-To-Applicant Ratio for July, 1.21

  • expected 1.19, prior was 1.19

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On those employment numbers, yesterday Bank of Japan (BOJ) Governor Kuroda said Japan was at full employment

Household spending is a disappointing miss on expectations. Consumer spending is a continuing weak spot for the Japanese economy.