Japanese Household Spending YoY (Feb) Y/Y -1.7% vs. Exp. -0.7% (Prev. -1%)
Japanese household spending declined more than expected in February, coming in at -1.7% year-on-year versus an expectation of -0.7%.
Japanese Finance Minister Katayama says won't comment on JGB yield levels and will refrain from commenting on levels in the markets, adds impact of Middle East and oil prices on the market is high
Japan's Industry Minister Akazawa says crude oil procurement is progressing
Japanese Household Spending YoY (Feb) Y/Y -1.7% vs. Exp. -0.7% (Prev. -1%)
PRE-MARKET AUSTRALIAN, JAPANESE & SOUTH KOREAN STOCKS NEWS: Samsung Electronics prelim. Q1 earnings topped forecast with an eight-fold increase in oper. profit
US interests and facilities were targeted by airstrikes in Kuwait, according to Fars
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This significant miss may indicate a weakening domestic economy, which could influence the Bank of Japan's policy stance moving forward, particularly in terms of inflation and consumption outlooks.
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