In June 2024, Japanese household spending increased 0.1% month-on-month to 280,888 yen, below expectations, with year-on-year spending dropping 1.4%.
In June 2024, Japanese household spending increased 0.1% month-on-month to 280,888 yen, below expectations for a 0.2% rise. Year-on-year, spending dropped 1.4%, much steeper than the expected 0.9%. Real wages saw a 1.1% annual increase, their first rise in 27 months, driven by labor cash earnings. Despite this, spending data remained less encouraging. The USD/JPY rate isn't mentioned in the provided info.
August 06, 2024
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