Japanese real wages climbed 1.5% year-on-year in August, marking the eighth consecutive monthly increase, as nominal pay growth outpaced consumer inflation. The sustained gains support the Bank of Japan's view that a virtuous cycle between wages and prices is taking hold, keepin…
Japan real wages rise 1.5% in August, eighth straight monthly gain
Japanese real wages climbed 1.5% year-on-year in August, marking the eighth consecutive monthly increase, as nominal pay growth outpaced consumer inflation. The sustained gains support the Bank of Japan's view that a virtuous cycle between wages and prices is taking hold, keeping the door open for further interest rate rises.
Syced · CC BY-SA 4.0 · rights
This item was produced with AI assistance under the editorial responsibility of Haydamax OÜ.
Monitoring item. The full text is not distributed. Extract and source below.