Japan’s nominal wages rise 4.6% in September, fastest since 1997
Japan’s nominal wages rose 4.6% in September from a year earlier, the largest increase since 1997, according to labor ministry data reported by Bloomberg. Base pay increased 3.7%, while a gauge excluding bonuses, overtime and sampling distortions rose a record 3.1% for full-time workers. Inflation-adjusted real cash earnings climbed 2.2%, accelerating from a revised 1.6% gain in August and exceeding the consensus estimate of 1.3%.