Japan’s nominal pay rises 1.5% yoy, but fail to keep pace with inflation, consumer spending drops

<p><img width="507" height="338" src="https://www.actionforex.com/wp-content/uploads/2018/03/f-japan5.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" /></p>
<p>Japan&#8217;s nominal pay growth rose by 1.5% yoy, surpassing the expected 1.0% yoy increase. This marked the fastest rate of increase since June. Regular or base salaries contributed to this increase with a 1.4% yoy rise. However, overtime pay slightly decreased by -0.1% yoy. Special payments, a variable component of wages, saw a significant jump [&#8230;]</p>
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