Japan wages data for July 2024
Average Cash Earnings +3.6% y/y
- expected +2.9%, prior +4.5%
Overtime Pay -0.1% y/y
- prior +0.9%
Real wages +0.4% y/y
USD/JPY is falling away further:
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Japan July wages data - Inflation adjusted wages +0.4% y/y
Japan July wages data - Inflation adjusted wages +0.4% y/y
- The Bank of Japan is looking for higher wages to fuel inflation
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