Japan Household spending for December -0.6% y/y (expected -1.8%)

Japan Household spending for December down 0.6% y/y

• expected -1.8% y/y, prior +1.1%

For the m/m its +0.9%.

Given the reimposed state-of-emergency (that has since been extended) in the most populated areas of Japan the outlook for consumer spending in January and February is dire.