Japan Real Wages Rise Ninth Month
Japan real wages rose 2.2 percent in September marking nine straight months of gains. Nominal wages grew at the fastest pace since January 1997. The steady increase supports further Bank of Japan rate hikes.
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Japan's real wages rose 2.2% in September from a year earlier, marking the ninth consecutive month of gains. Growth picked up from August's revised 1.6% increase, driven by a steady rise in base salaries. The consistent improvement supports the case for the BOJ to keep raising interest rates.
