Japan data, May 2026: Wages fall but growth is strong, and household spending is better than expected


May 2026 data from Japan.

Household spending:

+3.7% m/m

  • Expected +1.4%, Previous +1.6%

-0.3% on an annual basis

  • Expected -2.5%, Previous -0.5%

wages:

Cash dividends average +3.2% YoY

  • Expected +3.4%, previous +3.5%

Same basic cash dividend sample +2.9%

  • Previous +2.9%

Overtime pay +2.9% YoY

  • Previous +4.2%

I will have more to talk about separately.

This article was written by Eamonn Sheridan at Investinglive.com.



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