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2026-11-06 07:34:26
[Japan's real wages rose for the ninth consecutive month in September, strengthening expectations of a Bank of Japan interest rate hike] (1) Japan's real wages rose 2.2% year-on-year in September, marking the ninth consecutive month of growth, higher than the revised 1.6% in August, providing a basis for the Bank of Japan to continue raising interest rates. (2) Average nominal wages rose 4.6% to 311,409 yen, the fastest increase since January 1997; basic wages rose 3.7%, overtime pay rose 3.6%; special allowances surged 32.6%, which the government said reflected statistical anomalies rather than increased bonuses. (3) The inflation rate that calculates real wages rose from 2.2% in August to 2.4% in September, still lower than 3.4% in the same period last year. (4) Tokyo's core inflation rate in October far exceeded the Bank of Japan's 2% target, and many analysts expect the Bank of Japan to raise interest rates as early as next month.
