CANADA FEB CPI +2.8% YOY VS FORECAST +3.1%, PRIOR +2.9%

MNI BRIEF: China To Further Open Up Bond Market To Foreigners

MNI China Daily Summary: Tuesday, March 19

MNI: PBOC Drains Net CNY5 Bln Via OMO Tues; Rates Unchanged

MNI: PBOC Sets Yuan Parity Higher At 7.0985 Tues; -4.47% Y/Y

CHINA PBOC INJECTS CNY5 BILLION VIA 7-DAY REVERSE REPOS TUES

MNI: US TSY TICS NET FLOWS IN JAN -$8.8B

Bond Supply Calendar: Greece, Germany Auction on Wednesday

EZ/UK T-Bill Calendar: Portugal, EU Auction on Wednesday

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

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MNI DATA IMPACT: Japan Dec Wages Flat; Real Pay In Negative 

--Japan Dec Average Wages 0.0% Y/Y; Nov +0.1% 
--Japan Dec Real Average Wages -0.9% Y/Y; 3rd Straight Drop; Nov -0.6% 
--Japan Dec Base Wages +0.4% Y/Y, Nov 0.0% 
--Japan Dec Overtime Pay -2.6% Y/Y, 4th Straight Drop; Nov -2.0% 
--Japan Dec Bonuses, Other Special Pay +0.2% Y/Y, Nov +3.6%
     TOKYO (MNI) - Average Japanese wages were unchanged y/y in December after
rising 0.1% in November while real wages remained in negative territory,
according to preliminary data released Friday by the Ministry of Health, Labour
and Welfare.
     Here are the key points from the Monthly Labour Survey:
     --Total monthly average cash earnings per regular employee were unchanged
from a year earlier at Y565,779 in December, following +0.1% in November and
0.0% in October.
     --In real terms, average wages fell 0.9% y/y in December, the third
straight drop following a 0.6% fall in November. Total CPI minus impute rents
rose 0.9% y/y in December, accelerating from +0.6% in November.
     --Base wages, the key to a steady recovery in cash earnings, rose 0.4% in
December from a year earlier after being unchanged in November.
     --Overtime pay fell 2.6% from a year earlier in December following -2.0% in
November. The drop was mainly caused by the decline in overtime working hours
amid weak overseas demand. Bonuses and other special pay rose 0.2% y/y in
December, for the second straight rise following +3.6% in November.
     --The government left its assessment unchanged from the previous month,
saying that wages are showing a moderate increase.
--MNI Tokyo Bureau; tel: +81 90-2175-0040; email: hiroshi.inoue@marketnews.com
--MNI Sydney Bureau; +61 405322399; email: lachlan.colquhoun.ext@marketnews.com
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