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Japan Household spending in October -0.6% yoy vs. -0.6% expected

  • Before was -1.9% y / y
  • Spending m / m vs + 5.0% before

It is remarkable to me that the Japanese consumer has retreated during the pandemic as spending elsewhere has increased. It is a window into the economy that is difficult to predict and highlights why the yen will remain a funding currency indefinitely.


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