June Wage Growth Strengthens Case for Further BOJ Tightening
Japan's labor ministry reported a 3.4% year-on-year increase in nominal wages for June, matching economist forecasts and marking a fifth straight month above 3%. Base pay advanced 3.4%, a core full-time measure excluding bonuses and overtime rose 2.9%, and real wages were up 1.7%—the sixth consecutive monthly gain and the longest streak since 2021.…