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Japan data: August inflation adjusted (real) wages fell 2.5% y/y

Japan's real wages in August declined for a 17th month in a row. This is important as the Bank of Japan has persistently been emphasising that sustainable wage rises is a prerequisite for deciding whether and how to dismantle its ultra-loose monetary stimulus. Inflation-adjusted real wages, a barometer of consumer purchasing power, fell in August by 2.5% y/yprior -2.7%Nominal pay growth was +1.1%prior +1.1% alsoSpecial payments -5.4% year-on-yearthe biggest fall since January 2021More of t... Read More

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Content Topics

Japan

Data

August

Inflation

Adjusted

Real

Wages

Fell

real

Forex

Posted: Oct 5 2023, 23:31

Author Name: forexlive

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