CoinScoopJapan Records Strongest Wage Growth in 29 Years, Fueling Rate Hike Expectations
Japan's Ministry of Health, Labour and Welfare reported that nominal wages rose by 4.7% year-on-year in July, marking the largest increase since 1997. Real wages have also shown growth for seven consecutive months, strengthening expectations for interest rate hikes and complicating the unwinding of yen carry trades.
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