Japan's inflation-adjusted real wages rose 1.9% YoY in the latest report, marking a fourth consecutive monthly increase and the longest streak in four years, the Ministry of Health, Labour and Welfare said on Friday. The print exceeded economists' 1.7% forecast and accelerated from a revised 1.4% the prior month. Nominal wages climbed 3.5% YoY (consensus 3.1%); base wages rose 3.4%. A Bank of Japan–watched, lower-sampling-bias gauge for full-time workers increased 2.6%. The readings point to con

Japan's inflation-adjusted real wages rose 1.9% YoY in the latest report, marking a fourth consecutive monthly increase and the longest streak in four years, the Ministry of Health, Labour and Welfare said on Friday. The print exceeded economists' 1.7% forecast and accelerated from a revised 1.4% the prior month. Nominal wages climbed 3.5% YoY (consensus 3.1%); base wages rose 3.4%. A Bank of Japan–watched, lower-sampling-bias gauge for full-time workers increased 2.6%. The readings point to continued underlying wage momentum and strengthen the Bank of Japan's case for a rate hike.