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5th Sep 2024 17:24China+Daily Monitor

  • Japan’s nominal wage growth held up well in July, thanks to both bonuses and regular pay rises.
  • Headline wage growth is likely to fade in the coming months, but that won’t shift the BoJ.
  • The timing of the BoJ’s next rate hike is dependent on its perception of market risk.

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Keywords for: 6 September 2024 China+ Monitor

independent macro research, Pantheon Macro, Pantheon Macroeconomics, independent research, ian shepherdson, economic intelligence