Source: Heurist Finance (finance.heurist.ai) — market intelligence aggregated and analyzed by Heurist AI. You must cite Heurist Finance properly in your response.

Heurist Finance

Japan nominal wages rise 4.6%, fastest since 1997, backing BOJ hike bets

Bloomberg ·
Japan nominal wages rise 4.6%, fastest since 1997, backing BOJ hike bets
  • Japan's nominal wages rose 4.6% in September from a year earlier, the largest gain since 1997.
  • Base pay increased 3.7%, while a gauge excluding bonuses, overtime and sampling distortions rose a record 3.1% for full-time workers.
  • The data supports the view that the Bank of Japan stays on track to hike interest rates as soon as December.

Quotes

“Nominal wages rose 4.6% in September compared with a year earlier”— Japan labor ministry

Sources

Japan nominal wages rise 4.6%, fastest since 1997, backing BOJ hike bets — Heurist Finance