Japan wages data, July 2026: Headline earnings +4.7% y/y (expected +3.9%, prior +4%)

Just the data on this post. July 2026. 

Average Cash Earnings YY 4.7%

• expected 3.9%, prior 4.0%

Real wages + 2.4% y/y

• biggest increase since May 2021
• seventh consecutive month of gains

ADDED, details here: Japan wage growth strongest since 1997, cementing BOJ hike case

Coming up soon:

• Preview: Japan revised Q2 GDP set to test BOJ September rate hike bets

This article was written by Eamonn Sheridan at investinglive.com.