Japan - Wages data for January. Real Cash earnings -0.9% y/y (expected -0.7%)

Japan - Wages data for January

• Labor Cash Earnings +0.7% y/y against expected +0.7%, prior +0.7%
• Real Cash earnings -0.9% y/y against expected -0.7%, prior -0.5%

more to come ... but I am awaiting the announcement on US / North Korea due now .... this is what is expected:

• Announcement due on North Korea at top of hour - here is what it is!

Expectations have sent the yen a little weaker so far in the early Asia morning

I'd advise Japanese workers not to spend it all at once, but there is actually less of it to spend based on 'real' earnings. Japanese authorities are relying on wage growth to fuel consumption and thus inflation. But, chaps, there is no real wage growth, right?

For the BOJ the message seems to be clear (both to them and from them) - carry on easing!

USD/JPY down a few tics.