Reported about 1 month ago
Japanese real wages rose for the second month in a row, with cash earnings climbing 0.4% year-on-year in July, defying predictions of a decline. This positive trend, driven by significant wage agreements, bolsters expectations for a potential interest rate hike by the Bank of Japan later this year as the economy seeks demand-led inflation. Notably, wage growth accompanies an overall improvement in consumer sentiment and corporate earnings.
Source: YAHOO