Japan wages data for July: Labour cash earnings: +1.5% y/y (expected +2.4%)

Japanese wages data coming through now

Labour cash earnings +1.4% y/y and a miss

• expected +2.4% y/y, prior +3.3%

Real cash earnings +0.4% y/y and ditto on the miss

• expected +1.1% y/y, prior +2.5%

A miss for both and drop under the previous (June) data, till its nice to be posting some positives on wage growth in japan, especially in real terms.... its been along time coming for Japanese workers.