Japan saw an increase in inflation-adjusted real wages in June for the first time in over two years, driven by the fastest nominal pay gain in nearly three decades, according to recent data. This supports the Bank of Japan's view that wage increases are expanding. However, the same month also witnessed a larger-than-expected drop in household spending, complicating the central bank’s strategy to cautiously raise interest rates.
Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.