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

Domestic demand in Japans looks all set to be showing signs of improvement, with household spending rising 4.0% YoY in May - the fastest gro


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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Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.

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