Japanese February data out now for …
Overall Household Spending y/y for February, +1.2%
– expected -1.9%, prior was -3.1%
– This has been a fairly consistently disappointing figure for the administration, slow wage growth is holding back household consumption … but a better result today, a beat on prior and expected
Japan data: Spending +1.2% y/y (expected -1.9%). Jobless rate 3.3% (expected 3.2%)
