• Labor cash earnings -1.7% y/y vs. expected -3.0% y/y, prior -2.3%

  • Real cash earnings -1.9% y/y vs. expected -2.0% y/y, prior -2.3%

4th consecutive mointh of falls for the 'real' figure.

Overtime pay fell 24.6% y/y (-26.3% the previous month)

  • base pay +0.6%

Little response from the yen, which is often the case for Japanese data.