Japan Oct. Labor Cash Earnings: 0.1% y/y (expected +0.2%, prior +0.0%)

Japan wages data for October

Labor Cash Earnings: 0.1% y/y ... MISS

• expected +0.2%, prior +0.0%

Real Cash Earnings 0.0% y/y ... MISS

• expected 0.5%, prior 0.8%

Flat real wage growth will likely weigh on consumer spending.