Japan data for February 2024.
Labour cash earnings +1.8% y/y
- expected +1.8%, prior +2.0%
Real wages (ie inflation adjusted wages) -1.3% y/y
- expected -1.4%, prior -0.6%
![jpy note](https://images.forexlive.com/images/yen%20note_id_5b482a87-0cb0-4cfc-824b-031c500746e6_original.jpeg)
At wage negotiations in March Japanese firms agreed to raise wages 5.24% this year, the biggest increase in 33 years.