Japan July Labor Cash Earnings

  • -1.2 % y/y (survey -0.5%, prior -0.6%, revised -0.4%)

USD/JPY trading at session highs of 78.36/40.

Total cash earning fell for the third consecutive month in July . Overtime pay , a barometer of strength in corporate activity, rose for the 10 th straight , but the pace shrank sharply to 0.3 % in July from 5.1% in June and 6.9% in May . -rtrs

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