Japan’s Wages Grow Most Since 1997, Keeping BOJ on Rate-Hike Path

Japan’s wages grow most since 1997, keeping BOJ on rate-hike path

Nominal pay climbed 4.7% in July from a year earlier, following a revised 4% increase in June, the labor ministry has reported.

Japan's Wages Grow Most Since 1997, Keeping BOJ on Rate Hike Path

Japan’s wages grow most since 1997, keeping BOJ on rate hike path

Japanese workers’ nominal wages rose at the fastest pace in nearly three decades on the back of strong corporate earnings and a tight labour market, in data likely to keep the Bank of Japan (BOJ) on course for further monetary tightening.