Poor data from Japan for April 2023
Household Spending -4.4% y/y
- expectted -2.4%, prior -1.9%
for the m/m -1.3%
- expected +0.6%, prior -0.8%
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Labour Cash Earnings +1.0%
- expected +1.8%, prior +1.3%
Real Cash Earnings, that is earnings after inflation -3% y/y
- expected -2.0%, prior -2.3%
USD/JPY barely changed on the releases:
