Japan real wages -1.4% y/y, down for sixth straight month
- Prior was -7.6% y/y
- Nominal cash earnings -1.3% y/y vs -1.2% exp
- Prior earnings -1.5% y/y
- Overtime pay -14.0% y/y
- Household spending -6.9% y/y
- Household spending +1.7% m/m vs +3.2% exp
That's a long ways from a v-shaped recovery in a country that hasn't been hit hard directly by the virus.
