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Japan's Ministry of Internal Affairs and Communications released its inflation data late Thursday. Japan's national consumer price index (CPI) fell to an annual rate of 0.5% in May from 0.6% in April. Japan's national CPI excluding fresh food declined to an annual rate of 0.1% in May from 0.3% in April, beating expectations for a flat reading.
Household spending in Japan jumped at annual rate of 4.8% in May, exceeding forecasts of a 3.4% increase, after a 1.3% fall in April.
Japan's unemployment rate remained unchanged at 3.3% in May, in line with expectations.
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