Japanese Household Spending Rises at the Fastest Pace in Four Years During May - Forex News by FX Leaders

Japanese Household Spending Rises at the Fastest Pace in Four Years During May

Posted Friday, July 5, 2019 by
Arslan Butt • 1 min read

Domestic demand in Japan is showing signs of improvement, with household spending rising 4.0% YoY in May – the fastest growth since May 2015. This data comes as good news for the Japanese economy which has been suffering for some time as the trade dispute between US and China rages on.

The growth in household spending has been attributed to the 10-day holiday in May, which has come in higher than the forecast, which was for a rise of 1.6%. In April, household spending had contracted by 1.4%, so May’s figure in comparison has increased by 5.5%.

So far on Friday, USD/JPY is trading unaffected by this news as it continues around the 107.80 level. Looks like the trade war sentiment continues to weigh on the safe haven Japanese Yen for now.

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About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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