Japan’s inflation-adjusted wages rose 2.2% from a year earlier in September, up from August’s revised 1.6%, Reuters reports. Base pay grew 3.7%, supporting the case for further Bank of Japan tightening. Total cash earnings rose 4.6%, but the ministry says a 32.6% jump in special payments reflected a statistical quirk rather than increased bonuses.
Related currencies / asset groups: JPY
September real wages rose 2.2% year on year, after August’s revised 1.6%.
au.marketscreener.comBase salaries increased 3.7% in September.
au.marketscreener.comThe ministry attributed September’s 32.6% special-payments jump to a statistical quirk rather than increased bonuses or other payments.
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