Japanese inflation steady, household spending plummets

FXStreet (Bali) - Japanese inflation data came very much in line with market expectations, although on the downside, household spending weakened below what was expected, while the jobless rate also worsened margianlly, ticking up to 3.8% vs 3.7% exp.

Key headlines

Tokyo CPI ex Fresh Food (YoY) fell from previous 2.8% to 2.7% in July

Tokyo Consumer Price Index (YoY): 2.8% (July)

Tokyo CPI ex Food, Energy (YoY): 2.1% (July)

National CPI Ex Food, Energy (YoY) remains at 2.3% in July

National CPI (YoY) fell from previous 3.6% to 3.4% in July

National CPI Ex-Fresh Food (YoY) in line with expectations (3.3%) in July

Overall Household Spending (YoY) registered at -5.9%, below expectations (-3%) in July

Unemployment Rate came in at 3.8%, above forecasts (3.7%) in July

Jobs/applicants ratio meets forecasts (1.1) in July