From Japan’s Ministry of Internal Affairs and Communications Statistics Bureau:
Overall Household Spending y/y for June, -3.0% y/y
- expected -4.0%, prior was -8.0%
- +1.5% m/m (expected +2.2%)
Jobless Rate for June, 3.7%
- expected 3.5%, prior was 3.5%
Job-To-Applicant Ratio for June, 1.10
- expected 1.09, prior was 1.09
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I posted earlier some items on the pressures facing the BOJ:
- …the BOJ “could come under renewed pressure to add to its … stimulus measures”
- MS view on BOJ … “the likelihood of achieving the inflation target … is already falling”
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Yen gaining a point or three after the release (“point or three”?… seriously … OK, sorry about that …. … Yes, I should get a life).
