Japan’s wage data strengthened sharply in July, adding weight to the case for further BoJ normalization. Nominal cash earnings accelerated from a revised 4.0% to 4.7% y/y, the fastest increase since 1997 and well above expectations of around 3.8–3.9%. It was also the sixth consecutive month of wage growth above 3%, the longest such stretch […]The post Japan Wages Rise 4.7%, Strong Enough for BoJ Rate Hikes appeared first on ActionForex.