Japan Overall Household Spending (YoY) came in at -2.5% below forecasts (-2.1%) in December

Japan's annualized Labor Cash Earnings and Overall Household Spending came in below market forecasts for the year ended in December, with labor earnings growing by 1% versus the forecast 1.3% and seeing scant wage growth over the previous period's 0.7% which saw a sharp upside revision from 0.2%.