Japan March household spending fell 2.9% y/y (expected -1.5%, prior -1.8%)
Japan March household spending data for March is poor. Fell 2.9% y/y expected -1.5%, prior -1.8% For the m/m the fall was 1.3% expected +0.6%, prior -1.5% This article was written by Eamonn Sheridan at investinglive.com.
The poor household spending data is likely to lead to a bearish sentiment in the Japanese yen as it indicates weaker consumer confidence and spending. This may result in a depreciation of the yen against other currencies.
Japan March household spending data for March is poor. Fell 2.9% y/y expected -1.5%, prior -1.8% For the m/m the fall was 1.3% expected +0.6%, prior -1.5% This article was written by Eamonn Sheridan at investinglive.com.
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