CPI data on a separate post
Overall Household Spending y/y for June, -2.2%
- expected -0.4%, prior was -1.1%
Jobless Rate for June, 3.1%
- expected 3.2%, prior was 3.2%
Job-To-Applicant Ratio for June, 1.37
- expected 1.37, prior was 1.36
OK, on this data what sticks out is ...
Overall Household Spending y/y for June, -2.2%
- expected -0.4%, prior was -1.1%
This is another poor data point ... the virtuous circle of wage rises and consumption rises ain't happening.
Again, just like with the CPI data, this is a boost to the chances of more BOJ easing today.
