Japan data - Household spending for June -1.4% y/y (expected -0.9%)

Japanese Household Spending for June 2024

+1.1% m/m

• expected +0.2%, prior -0.3%

-1.4% y/y

• expected -0.9%, prior -1.8%

Perhaps rising wages may help ion the data for the months ahead:

• Japan wages data June 2024: Real wages +1.1% y/y for the first rise in 27 months