Reported 18 days ago
Japanese workers experienced the highest rise in base salaries in over three decades, indicating a continuing economic recovery and supporting arguments for a potential interest rate hike by the Bank of Japan. In September, base pay rose by 2.6% year-on-year, while nominal cash earnings increased by 2.8%, albeit slightly below expectations. Despite real wages declining for two months, the data suggests a steady wage growth trend, which is encouraging for economic authorities. Upcoming wage negotiations may influence future growth, with labor unions aiming for substantial increases.
Source: YAHOO