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2 Jun 2015
Japan wage inflation: Largest increase in over 2 years
FXStreet (Bali) - Japan's April labor cash earnings came at +0.9% YoY, well above the expected +0.3%, and following a 0% reading in March.
The data should be perceived as a move in the right direction in Japan's ongoing goal of achieving a 2% stable inflation conditions in the country.
It is worth noting that inflation-adjusted real wages for April stood at +0.1%, highest positive number since April 2013. Moreover, regular salaries increased by 0.6% in April YoY, largest percentage increase in almost 10y, while overtime pay fell 2.3% YoY.
The data should be perceived as a move in the right direction in Japan's ongoing goal of achieving a 2% stable inflation conditions in the country.
It is worth noting that inflation-adjusted real wages for April stood at +0.1%, highest positive number since April 2013. Moreover, regular salaries increased by 0.6% in April YoY, largest percentage increase in almost 10y, while overtime pay fell 2.3% YoY.