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USD Drops, Gold Spikes, Equities Benefit Post-NFP


(N1) Uptrend Extends


E-MINI S&P (M1): Support Remains Intact

MNI (London)
--Japan Household Spending +2.0% Y/Y; Forecast Median -0.7%
     TOKYO (MNI) - Here are five major points from the January Family Income and
Expenditure Survey on Households, released by Japan's Ministry of Internal
Affairs and Communications on Friday.
     --Spending by households with two or more people rose 2.0% y/y after
adjusting for two survey method changes, beating the forecast median of -0.7%
seen in the MNI survey, posting the second straight y/y rise. 
     --The ministry upgraded its view on household spending -- to "showed a sign
of pickup" from "is picking up, but marking time".
     --January's rise was led by a pick-up in demand for housing, which
increased by 18.0% y/y. Spending on education also made good contribution by
increasing 17.7% y/y.
     --Household spending slowed to 0.7% on a monthly basis. 
     --The average real income of households with salaried workers climbed to
3.6% y/y from December's 2.3%, the third increase in the last four months. 
--MNI Beijing Bureau; tel: +86 (10) 8532-5998; email:
--MNI London Bureau; tel: +44 203-586-2225; email:
MNI London Bureau | +44 203-865-3812 |