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Japan data - December total cash earnings rise the most y/y since January 1997
Japanese data for December 2022:
- total cash earnings +4.8% yr/yr, the biggest jump since January of 1997
- overtime pay +3.0% yr/yr
- inflation-adjusted real wages +0.1% yr/yr, the first rise for this since March of 2022
- special payments (bonuses) rose 7.6%, this is a substantial jump but its not necessarily going to be repeated like a base pay rise would be
Also, Household spending data for December:
- -2.1% m/m and -1.3% y/y
Posted: Feb 6 2023, 23:39
Author Name: forexlive
Views: 110664