Forex
globalreutersMay 8, 20241 Mins read
Japan data – Real wages down 2.5% y/y in March, down for 24 consecutive months
globalreutersMay 8, 20241 Mins read Japan March wages data:
- total cash earnings +0.6% y/y (expected +1.5%, prior +1.8%)
- overtime pay -1.5% y/y
- real wages -2.5% y/y
Don’t spend it all at once … oh wait, there isn’t any
The Bank of Japan is awaiting a wage-price inflation spiral. Perhaps when wage rises kick in this data will give them some hope of this.
This article was written by Eamonn Sheridan at www.forexlive.com.
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