Japan's Real Wages Rise 1% Year-Over-Year in March, Third Consecutive Gain

According to 10data, Japan's real wages rose 1% year-over-year in March, marking the third consecutive month of gains, data released on May 8 showed. The increase provides further support for the Bank of Japan to raise interest rates at its June meeting. A Reuters survey of economists found that nearly two-thirds expect the central bank to raise rates to 1.0% by end of June.
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