Japan data - May household spending 4.7% y/y (expected 1.2%, prior -0.1%)

Japan data - May household spending comes in at a huge beat, +4.7% y/y, the fastest pace since August 2022
- expected +1.2%, prior -0.1%
+4.6% m/m, fastest since March 2021
- expected +0.4%, prior -1.8%
These are big beats, both m/m and y/y
Read more...