Japan: Inflation steady, household spending drops

FXStreet (Bali) - Japan's National CPI (YoY) (Apr) came at 3.4% vs 1.6% last, the National CPI Ex Food, Energy (YoY) (Apr) was 2.3% vs 0.7% last, while the National CPI Ex-Fresh Food (YoY) (Apr) stood at 3.2% vs 1.3% last.

In the Tokyo area, CPI (YoY) (May) was 3.1% vs 2.9% last, with CPI ex Food, Energy (YoY) (May) at 1.9% vs 2% last, and CPI ex Fresh Food (YoY) (May) coming at 2.8% vs 2.7% last.

Overall Household Spending (YoY) (Apr) dropped by 4.8% vs +7.2% last, reflecting less consumption activity post sales tax hike.