Japan wages data for May, Labor cash earnings: -2.1% y/y (expected -1.0%)

Author: Eamonn Sheridan | Category: News

This data point is unlikely to move forex upon release

Labor cash earnings -2.1% y/y
  • expected -1.0% y/y, prior -0.7%
Real cash earnings -2.1% y/y 
  • expected -0.8% y/y, prior -0.8%
Also, household spending -0.1% m/m and -16.2% y/y 
  • biggest ever y/y fall on record (data since 2001)

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