Japan data - October real wages fall the hardest since June of 2015

Japan real wages (i.e. after inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term) have fallen 2.6% y/y in October (September was -1.2%)

Wage growth is a focus for the Bank of Japan. Officials from the bank, including Bank of Japan Governor Kuroda, have said time and again that they view inflation as transitory, that it is being pushed along by rising costs only, and that wage growth needs to be seen to cement inflation at target in a stable and sustainable fashion. No sign of that in the data for October. There is no pivot coming from the BOJ any time soon.

Household Spending +1.1% m/m