Japan wages data for January show a surprise jump in real earnings

Labor cash earnings +1.5% y/y

• expected 0.2% y/y, prior 0.0%

Real cash earnings +0.7% y/y

• expected -0.6% y/y, prior -0.9% revised to -1.1%
• first rise in 4 months

Nice to get some better news for the workers!