Japan’s real wages declined by -0.6% yoy in August, marking the first drop in three months. Nominal wages rose for the 32nd consecutive month, increasing by 3.0% yoy, slightly missed market expectations of 3.1% . The wage growth was not enough to offset inflationary pressures. The CPI used to calculate real wages, which includes fresh […]
The post Japan’s real wages fall -0.6% yoy in Aug as inflation outpaces wage growth appeared first on Action Forex.
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As shown on the Hang Seng Index chart (Hong Kong 50 on FXOpen), prices have fallen by almost 10% since trading began today, and the session is not over yet. According to Reuters, bearish sentiment Read more…