Japan: Overall Household Spending (August): 0.6% y/y (plus jobs data)

Japan data (the inflation data out at the same time is on a separate post)

Overall Household Spending y/y for August: 0.6% MISS

• expected 0.9%, prior -0.2%

Jobless Rate for August 2.8% IN LINE

• expected 2.8%, prior 2.8%

Job-To-Applicant Ratio for August: 1.52 SMALL MISS

• expected 1.53, prior 1.52

The labour market, judging by these results, is tight. But there is little sign of wage growth (not displayed in this data, from recent results) - I posted on why this may be the case yesterday: Japanese firms are paying more for workers, just not how you think

On the household spending data ... that miss will be disappointing, but at least its up on the month