‼️ 💴 Japanese workers’ nominal wages rose 4.7% year-on-year in July—the fastest pace since 1997—driven by robust corporate earnings and a tight labor market, according to data that reinforces expectations for further Bank of Japan tightening. The increase surpassed economists’ 3.8% forecast and followed a revised 4% gain in June, marking the sixth consecutive month of wage growth above 3%, the longest such streak in 34 years.
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