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  • Japanese consumer spending surged in April, albeit mainly due to tax changes that spurred light truck sales.
  • Solid real wage growth is partly cushioning consumers from energy worries, however.
  • Governor Ueda hinted on Wednesday at a June rate hike, stressing inflation risks over growth risks.

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Keywords for: 8 June 2026 China+ Monitor

independent macro research, Pantheon Macro, Pantheon Macroeconomics, independent research, ian shepherdson, economic intelligence