Japans real wages rise for eighth month
Japans real wages increased 1.5 percent in August from a year earlier, marking the eighth consecutive month of gains. The solid wage data supports expectations for further interest rate hikes by the Bank of Japan.
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Japan real wages rose 1.5% in August from a year earlier, marking the eighth consecutive month of gains, government data showed on Wednesday morning. The eighth straight month of increases points to a continued recovery in household purchasing power across the country. The data bolsters the case for the USD/JPY reacting central bank to continue raising interest rates following its benchmark rate hike last month.
