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MNI BRIEF: Japan Oct Real Wages Unchanged Y/Y

Central Bank NewsPolicy NewsBank of JapanBriefAPACStoryJapan

MNI (TOKYO) - Inflation-adjusted real wages, a barometer of household purchasing power, was unchanged from a year earlier after staying in negative territory for two months, preliminary data released by the Ministry of Health, Labour and Welfare on Friday showed.

Bank of Japan officials expect real wages to turn positive as early as November and to rise gradually in December due to bonuses as nominal wages are likely to continue increasing. (See MNI POLICY: BOJ Wants FY25 Base-Pay Hikes Above 3%)

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MNI (TOKYO) - Inflation-adjusted real wages, a barometer of household purchasing power, was unchanged from a year earlier after staying in negative territory for two months, preliminary data released by the Ministry of Health, Labour and Welfare on Friday showed.

Bank of Japan officials expect real wages to turn positive as early as November and to rise gradually in December due to bonuses as nominal wages are likely to continue increasing. (See MNI POLICY: BOJ Wants FY25 Base-Pay Hikes Above 3%)

Keep reading...Show less