Japan data - July Household spending -2.7% m/m (expected +0.7%)

Japan July Household spending -2.7% m/m

• expected +0.7%, prior +0.9%

For the y/y -5.0%

• expected -2.5%, prior -4.2%

Nothing in this data to suggest the Bank of Japan will be dialling back on the easing path any time soon.

USD/JPY update: