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Japan July real wages fall 2.5% y/y, and household spending falls 5% y/y

Japan July real wages fall 2.5% y/y, and household spending falls 5% y/y
Data from Japan for July 2023 shows real (that is, inflation-adjusted) wages and household spending both fell. Gotta be a PhD in there somewhere on that relationship, yeah? Or maybe Captain Obvious has it already. July total cash earning +1.3% y/y (prior +2.3%)real wages -2.5% y/yovertime pay +0.5% y/yOverall household spending -5% y/y (prior -4.2%)---USD/JPY update:Still to come from Japan is the revised Q2 GDP reading:Economic calendar in Asia Friday, 8 September 2023, Japan growth... Read More
Posted: Sep 7 2023, 23:34
Author Name: forexlive
Views: 111418

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