Its Japan CPI day! (But don't ignore the data for a big weak spot in the economy)

When the inflation data is released in Japan each m onth its at the same time as household spending data

The CPI is the centre of attention

But the spending data has consistently been showing as a very, very weak spot in the Japanese economy

I posted up earlier on what is expected ... to save you a click:

• Overall Household Spending y/y for September, expected is -2.7%, prior was -4.6%
  

Bloomberg economists have highlighted this data point today, saying (in brief) there is a risk of a downside surprise, citing:

• The Cabinet Office"s Economy Watchers Survey points to weaker consumer confidence


• Unusually poor weather in western Japan


• A rise in food prices, particularly for vegetables, in September

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The data point has been consistently weak since mid 2015:

Its Japan CPI day! (But don"t ignore the data for a big weak spot in the economy)
Its Japan CPI day! (But don"t ignore the data for a big weak spot in the economy)
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