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Data from Statistics Bureau of Japan. Forecasts by Sigmanomics Forecast Engine.
JapanJapan Overall Household Spending YoY fell to 0.8% in March 2013
Statistics Bureau of JapanMonthlyReleased March 2013
Japan Overall Household Spending YoY fell to 0.8% in March 2013, down 1.6% from February's 2.4% reading. The print exceeded the 0.4% consensus by 0.4%.
Latest Release
0.8
Actual
0.4
Consensus
2.4
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| USD/JPY | ▼ Inverse | −0.50 | FOREX | Bullish JPY | → View |
| EUR/JPY | ▼ Inverse | −0.45 | FOREX | Bullish JPY | → View |
| Nikkei 225 | ▲ Direct | +0.45 | INDEX | Bullish JP | → View |
| GBP/JPY | ▼ Inverse | −0.40 | FOREX | Bullish JPY | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Overall Household Spending YoY (Japan) was reported at 0.8% in March 2013. This beat the market consensus of 0.4% by 0.4%. The reading fell from the previous value of 2.4%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/JPY (Bullish JPY). A secondary relationship exists with EUR/JPY, negatively correlated (Bullish JPY).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Core Inflation Rate YoY (Jun 18) and Inflation Rate YoY (Jun 18).
Auto-generated from current model state · Refreshes on each release · Last update March 2013.
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Overall Household Spending YoY - JP
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About Overall Household Spending YoY — Japan
DEFINITION
Overall Household Spending YoY (Year-over-Year) is a financial indicator that measures the change in total spending by households over a 12-month period. It provides insight into the overall health of the economy and consumer confidence, as well as the impact of inflation on household budgets. This indicator is often used by economists and policymakers to assess the strength of consumer spending and its potential impact on economic growth.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Mar 2013): actual 0.8 %, consensus 0.4 %.
WHAT'S NEXT
This indicator correlates most strongly with USD/JPY (Bullish JPY, r=-0.50) — a useful reference for forex-focused traders.