Bonuses lift Japan’s real wages to growth, but consumption recovery weak

Japan’s wage data showed a notable improvement in July, with real wages rising 0.5% yoy, the first increase in seven months. Nominal cash earnings jumped 4.1% yoy, far above expectations of 3.0% yoy, marking the 43rd consecutive month of annual gains. Wage growth was boosted by a 7.9% yoy surge in special earnings, primarily reflecting […]

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