Published: 2026-05-08T01:56:34.000Z
USD/JPY flows: Labor Earning Missed
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Labor cash earnings rose 2.7% y/y
Japan March Labor Cash Earning missed estimate but is still showing a 2.7% y/y growth. While it is disappointing, the trajectory continue to points toward stronger than average wage growth. The results of wage negotiation may not be fully applied yet but one must also be aware of potential slowing, in case business fear margin squeeze from energy shock to withheld strong wage hikes.
USD/JPY is trading 0.02% higher at 156.91.