Japan wages data for May, Labor cash earnings: -2.1% y/y (expected -1.0%)

This data point is unlikely to move forex upon release

Labor cash earnings -2.1% y/y

• expected -1.0% y/y, prior -0.7%

Real cash earnings -2.1% y/y

• expected -0.8% y/y, prior -0.8%

Also, household spending -0.1% m/m and -16.2% y/y

• biggest ever y/y fall on record (data since 2001)