Japan (Sept data): Overall Household Spending -2.1% y/y (expected -2.7%) + jobs data

Inflation data is the focus, on another post

Overall Household Spending y/y for September, -2.1% y/y

• expected -2.7%, prior was -4.6%

Jobless Rate for September, 3.0%

• expected 3.1%, prior was 3.1%

Job-To-Applicant Ratio for September, 1.38

• expected 1.38, prior was 1.37

The focus is the inflation data, but in this lot of data, a not as bad as expected spending result. 'Not as bad as expected' is the new 'woo hoo!' in Japan.

• For the y/y its -2.1% against the -2.7% expected.
• For the m/m, though, significantly better, coming in at +2.8% m/m (expected +0.6%)