Japan March wages data:
- total cash earnings +0.6% y/y (expected +1.5%, prior +1.8%)
- overtime pay -1.5% y/y
- real wages -2.5% y/y
Don't spend it all at once ... oh wait, there isn't any
The Bank of Japan is awaiting a wage-price inflation spiral. Perhaps when wage rises kick in this data will give them some hope of this.
