Real cash earning though are still sluggish, comes in at -0.1% y/y

  • expected -0.3% y/y, prior -0.6%
  • Third consecutive month real wages have fallen

Do we all remember the argument for how boosting inflation in Japan would

  1. fuel faster wage growth
  2. lead to more spending
  3. and a virtuous circle for the economy?

Yeah, right, how is no. 1 working out for ya? Let alone 2 and 3.

Thanks for the support Mr. T!

(ps. not a real tweet)