Japan wages data for August is a miss on estimates

Earlier on we had a huge, huge beat on the sending data from japan

• Japan data: Overall Household Spending for August: +2.8% m/m (expected +0.1%)

Out now is wages, which have disappointed

Labour cash earnings for August +0.9% y/y

• expected 1.3% y/y, prior 1.6% y/y

Real Cash earnings for August -0.6% y/y

• expected 0.0%, prior +0.5%

Something about the combination of these two data points looks fishy. But, for now, going with them. I'll leave the stats arguments to the propeller heads