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MNI BRIEF: Japan March Real Pay Turns Negative, Wages Up

(MNI) Tokyo
TOKYO (MNI)

Wages are key for BOJ policy views.

Average wages in Japan rose 0.5% y/y in March but real wages turned negative from unchanged in February, preliminary data from the Ministry of Health, Labour and Welfare Monday showed

Total monthly average cash earnings per regular employee rose 1.2% y/y in March, while real wages fell 0.2%. The Bank of Japan is focused on higher wages in its current easy policy stance to reach sustained inflation of 2%, See: MNI BRIEF: Noguchi: BOJ Needs Easy Policy To Increase Wages.

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Average wages in Japan rose 0.5% y/y in March but real wages turned negative from unchanged in February, preliminary data from the Ministry of Health, Labour and Welfare Monday showed

Total monthly average cash earnings per regular employee rose 1.2% y/y in March, while real wages fell 0.2%. The Bank of Japan is focused on higher wages in its current easy policy stance to reach sustained inflation of 2%, See: MNI BRIEF: Noguchi: BOJ Needs Easy Policy To Increase Wages.