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

August 06, 2024 at 12:30AM
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:

This article was written by Eamonn Sheridan at www.forexlive.com.