In Japan, Household Spending MoM measures the percentage change in consumption expenditures by two-or-more-person households compared with the previous month. It includes spending on various categories such as food, housing, and transportation. This indicator is used to assess consumer confidence and can provide insight into overall economic activity and growth prospects.
A higher than expected figure should be seen as positive (bullish) for the JPY while a lower than expected figure should be seen as negative (bearish) for the JPY.