Japan data, April cash earnings +1% y/y, real wages -3% y/y. Household spending -4.4% y/y | Forexlive

Poor data from Japan for April 2023

Household Spending -4.4% y/y

• expectted -2.4%, prior -1.9%

for the m/m -1.3%

• expected +0.6%, prior -0.8%

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Labour Cash Earnings +1.0%

• expected +1.8%, prior +1.3%

Real Cash Earnings, that is earnings after inflation -3% y/y

• expected -2.0%, prior -2.3%

USD/JPY barely changed on the releases: