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EQUITIES

E-Minis Pull Lower

JGBS

Bland 5-Year Auction

IDR

Consumer Confidence Data Take Focus

JGBS AUCTION

The Japanese MOF sells Y2.0327tn 5-Year JGBs:

JGBS AUCTION

The Japanese MOF sells Y2.8069tn 6-Month Bills:

CNH

Inflation Data Under Scrutiny

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Average wages rose 0.2% y/y in August keeping gains from a downward revised initial July reading with real wages also up 0.2%, preliminary data released on Friday by the Ministry of Health, Labour and Welfare showed.

Base wages, the key to a steady recovery in cash earnings, rose 0.2% y/y in August after rising 0.2% in July.

Total monthly average cash earnings per regular employee rose 0.7% y/y to JPY274,987 in August, for the sixth straight rise following +0.6% in July. In real terms, average wages rose 0.2% y/y in August. Total CPI minus imputed rents rose 0.4% y/y in August.

Overtime pay rose 6.5% y/y in August but slowed from +11.6% in July and bonuses and other special pay rose 2.0% y/y in August, for the first rise in three months.