Japan July real wages rise 2.4 percent
Japan real wages rose 2.4 percent in July from a year earlier for the biggest increase since May 2021. The solid wage data supports the case for the Bank of Japan to raise interest rates at its upcoming policy meeting.
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Japan's real wages rose 2.4% in July from a year earlier, hitting their fastest pace since May 2021. The seventh consecutive monthly gain beats June's revised 2.2% increase, signaling steady recovery in household purchasing power. The data strengthens the case for monetary tightening at upcoming central bank meetings.
