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

At wage negotiations in March Japanese firms agreed to raise wages 5.24% this year, the biggest increase in 33 years.