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Japan’s wages growth and household spending miss expectations, supports ultra-loose BoJ
Today’s wage growth data out of Japan came in softer than anticipated, reinforcing BoJ’s position towards maintaining its ultra-loose monetary strategy. Furthermore, the consistent decline in real wages continues to weigh down consumer spending. Nominal cash earnings for workers in June grew by only 2.3% yoy, missing the projected 3.0% yoy rise. This marks a […] The post Japan’s wages growth and household spending miss expectations, supports ultra-loose BoJ appeared first on Action Forex...
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Content Topics
Japan
Wages
Growth
Household
Spending
Miss
Expectations
Japan s
Expectations
Supports
Ultra loose
Forex
Posted: Aug 8 2023, 04:41
Author Name: actionforex
Views: 102841