Japanese data shows inflationary pressures, slowing growth |
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- Japanese household spending drops by the most in 19 months: (JP APRIL HOUSEHOLD SPENDING YOY: -2.7% V -0.9% expected, -1.6% prior) "Today's figures are bad news for the Bank of Japan as they confirm that the economy is deteriorating while inflation maintains a rapid pace," said Kyohei Morita at Barclays Capital. - Japan's job vacancies drop to a 3 year low in April: (JP APRIL JOBLESS RATE: 4.0% V 3.9% expected, 3.8% prior; JOB-TO-APPLICANT RATIO: 0.93 V 0.94 expected, 0.95 prior; A
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