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Japan’s nominal wages rose 4.6% year over year in September, the largest increase since 1997, according to the labor ministry as reported by The Japan Times. The Financial Times said the wage growth supports expectations of a possible Bank of Japan rate increase in December.
HOW THIS BRIEF WAS MADE 2 outlets: 2 international. Automated sourcing and summaries by the BLUF engine. Corrections
The wage data may influence Japanese interest-rate decisions, which can affect currency and financial markets with knock-on effects for U.S. investors and companies. The reports do not describe a direct effect on U.S. households or businesses.