Swiss Economicblogs.org
The recent rise in wage growth is positive for consumption and puts pressure on inflation.Wage growth in Japan accelerated further in March. Nominal cash earnings rose by 2.1% y-o-y, the fastest growth since mid-2003. Base salaries increased by 1.3% y-o-y, the highest in nearly two decades, and the strong rise in bonuses (up 12.8% y-o-y) also contributed significantly to wage growth in March.Rising wage growth in Japan likely reflects the increasing labour market constraints in Japan. Since...
Read More »Growing wage growth momentum in Japan
