Data on Overall Household Spending for December, Jobless Rate and Job-To-Applicant Ratio from Japan
Overall Household Spending y/y for December, -0.1% y/y
- expected 1.3%, prior was 1.7%
Jobless Rate for December, 2.8% y/y
- expected is 2.7%, prior was 2.7%
Job-To-Applicant Ratio for December, 1.59 (this is the highest for this ratio since January of 1974)
- expected is 1.57, prior was 1.56
More solid employment numbers from ,Japan, albeit the unemployment rate a touch higher than expected.
Let down by slower spending data on the month. The Overall Household Spending series had been showing signs of stabilising and improving, but a set back in dece December ... big miss and well under the November result
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