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Japan's Base Wages Record 32-Year High Increase in November, Fueling Interest Rate Hike Expectations
2025-01-09
Japanese workers' base wages have witnessed the largest annual growth in 32 years, surging by 2.7% year-on-year. Nevertheless, amidst inflation, real cash earnings have dipped by 0.3%. This development could further escalate market speculation regarding the Bank of Japan's potential interest rate hikes, with the market currently anticipating a roughly 46% probability of a rate increase at the January meeting.
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