Japan data - January household spending rises m/m for the first time in 3 months

Household spending in Japan in January:

+2.7% m/m

• expected +1.4%, prior -2.1%

-0.3% y/y

• expected -0.1%, prior -1.3%

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Yen not showing much response at all. The focus is later in Japan on the BOJ meeting:

• BOJ policy meeting today - a change can't be ruled out given December's surprise - preview