Latest data released by the Japanese Cabinet Office – 10 June 2019
- Prior 45.3
- Outlook 45.6 vs 48.0 expected
- Prior 48.4
Slight delay in the release by the source. The headline reading falls to its weakest level since June 2016 and continues to highlight weakening economic conditions in the Japanese economy this year. Once again, the data here doesn’t have a major direct impact on the yen but it feeds into the debate of the proposed sales tax hike in October.
The reading is a survey on workers to measure up consumer spending and current economic conditions.