Japanese Household Spending YoY (Nov) Y/Y 2.9% vs. Exp. -0.9% (Prev. -3.0%)

Japanese household spending growth came in significantly stronger than expected at 2.9% year-on-year, compared to a consensus expectation of a -0.9% decline.

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PRE-MARKET JAPANESE AND SOUTH KOREAN STOCKS NEWS: Fast Retailing (9983 JT) Q1 (JPY) net 147.5bln (prev. 131.9bln Y/Y), rev. 1.03tln (prev. 895bln Y/Y), sees FY net rising 4% Y/Y to 450bln (exp. 445.4bln) and FY rev. rising 12% Y/Y to 3.8tln

Japanese Household Spending YoY (Nov) Y/Y 2.9% vs. Exp. -0.9% (Prev. -3.0%)

Indonesian Motorbike Sales YoY (Dec) Y/Y 14.5% vs. Exp. 3.6% (Prev. 2.1% )

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Context

This robust print suggests an improvement in consumer sentiment and demand, which could have positive implications for economic growth and may influence monetary policy direction in Japan. Overall, this data may provide support for commodities, particularly those tied to consumer spending.

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