France's trade gap widens further in July on rising imports
France's trade deficit widened to €6.67 billion in July as imports rose faster than exports.
Japan's household spending fell 3.6% in July from a year earlier, the biggest drop since January 2024. A September BOJ hike remains almost fully priced in, at…
Japan's July household-spending figures:
Spending was down 3.6% from a year earlier, the largest decline since January 2024.
The odds of a September BOJ hike sit around 87%, leaving the move almost fully priced in. Rising inflation and higher yields are the main forces behind that pricing, not the strength of consumer demand. Weak household spending is a familiar, ongoing theme rather than a fresh surprise, and it leaves intact the inflation and yen-weakness arguments that are actually carrying the case for a hike. The BOJ is moving to tighten even as spending stays weak; it is not acting on the back of strong consumption.
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France's trade deficit widened to €6.67 billion in July as imports rose faster than exports.
Germany's trade surplus rose to €21.3 billion in July, beating forecasts, as imports fell 5.7% month-on-month.
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