Via MNI, revisions to July wages data, which comes from the Ministry of Health, Labour and
Welfare:
–
Japan July Total Average Wages Revised +0.9% y/y (vs +0.6%), this the first rise in 2 Months
Wage growth is a key goal of the Japanese government and the Bank of Japan, it’ll boost household spending, consumption, and contrivute to economic recovery there. I don’t imagine they’ll be popping champagne corks at the BOJ on this data, but it a positive.