As mentioned last week here, further revisions will usually see the number watered down. In 2024, the first-round data was 5.28% before being ultimately revised down to 5.10%. In any case, this still marks a second year running that the average wage hike exceeds 5% and the BOJ can work with that.
Japan's largest union group Rengo sees average wage hike of 5.40% in second-round data
- That is revised slightly down from 5.46% last week
