DATA: Japan November 2025 real wages -2.8% y/y

Data post only, I'll be back with details separately.

Real Cash Earnings -2.8% y/y

expected -1.2%, prior -0.8%

Overtime Pay +1.20% y/y

• expected +1.4%, prior +1.5%

Average Cash Earnings +0.5% y/y

• expected +2.3%, prior +2.6%