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.
Related Articles
China’s electricity consumption rose 8.9% year on year in August
China's power consumption is regularly used as a gauge of economic activity.It...
RBA meting next week – preview – to leave the cash rate on hold at 4.35%
Reuters poll of economists on what they expect from the Reserve Bank...
Bank of Japan leaves rates unchanged, as widely expected
Bank of Japan current short-term rate is 0.25% Japan's economy recovering moderately,...
European Central Bank President Lagarde speaking Friday
1500 GMT / 1100 US Eastern time2024 Michel Camdessus Central Banking Lecture...
Leave a comment