Japan's average cash earnings rose 4.7% year-on-year in July, extending a historic streak of wage growth above 3% to five consecutive months.

Japan's average cash earnings rose 4.7% year-on-year in July, extending a historic streak of wage growth above 3% to five consecutive months.

Japan's real wages rose 2.4% in July, the biggest gain since 2021, as nominal earnings hit levels not seen since 1997 ahead of a key BOJ policy