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Japan wages data June 2024: Real wages +1.1% y/y for the first rise in 27 months

  • Japan wages data June 2024
Eamonn Sheridan
05/08/2024 | 23:30 GMT

Japan wages data is encouraging

Labour Cash Earnings +4.5% y/y

  • expected +2.4%, prior +2.0%

Real Cash Earnings +1.1% y/y

  • expected –0.9%, prior –1.3%

Spending data less encouraging:

  • Japan data - Household spending for June -1.4% y/y (expected -0.9%)

USD/JPY update:

usdyen update 06 August 2024 2 3

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