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Japan Nominal Wage Growth Below Forecasts

2026-07-06 23:34:23

Abstract generation in progress

Average cash earnings in Japan increased by 3.2% YoY in May 2026, slowing from an upwardly revised 3.6% rise in the previous month and coming in below market forecasts of 3.4%. It was the 53rd straight month of growth in nominal wages, though it slowed from the fastest pace in 16 months recorded in April.

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