AI Data Insight

Japan's latest real average consumption expenditure of workers' households for Q2 2026 plunged by 5.8% year-on-year, significantly deteriorating from the previous -1.1%. Despite a recent rebound in Japan's overall real wages, the consumer confidence of the working class remains sluggish due to the impact of inflation and the depreciation of the yen. This trend of consumption tightening may add uncertainties to the Bank of Japan's future path of monetary normalization and interest rate hikes.

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