Japan wage data (cash earnings data) is expected to remain solid. Household spending looks set to fall year-on-year for a sixth consecutive month in May, as households continue to tighten belts against still-high living costs. Part of the decline reflects a tough comparison: last May saw a sharp spending spike, largely from car purchases, after Toyota group plants resumed output following earlier production halts had finally restored vehicle supply.
This article was written by Eamonn Sheridan at investinglive.com.