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Japan March data - inflation adjusted real wages -2.9% y/y, household spending -1.9% y/y

Dour data out of Japan from March 2023.Get paid less, spend less, right?Anyway:total cash earnings +0.8% y/y (prior +0.8%)overtime pay +1.1% y/yinflation adjusted (real) wages -1.9% y/y (expected -2.4%, prior -2.9%)household spending -0.8% m/m (expected +1.5%, prior -2.4%)household spending -1.9% y/y (expected +0.4%, prior +1.6%), this is the biggest drop since March 2022---Still to come from Japan today:Heads up for Bank of Japan Governor Ueda to speak today (from 9am Tokyo time)USD/JPY little... Read More

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Content Topics

Japan

March

Data

Inflation

Adjusted

Real

Wages

Household

Spending

Forex

Posted: May 8 2023, 23:31

Author Name: forexlive

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