Japan’s Nov real wages fall most in 8 years, defying BOJ objective
Real wages fall for eighth straight months – govtWage growth lags surging cost-push inflationPolicymakers seek wage growth to support inflationBOJ action may depend on strength of wage growth – analystTOKYO, Jan 6 (Reuters) – Japan reported on Friday its worst real-wage decline in more than eight years, with November data highlighting the elusiveness of the […]
World stocks soar, investors pare rate bets after US jobs data
Stocks rally as U.S. jobs data quells inflation fearsInvestors bet that Fed need not be as hawkishTreasury yields pull back, dollar sagsNEW YORK, Jan 6 (Reuters) – Wall Street sparked a global rally in stocks on Friday after a crucial U.S. jobs report showed wage growth slowed in December, fuelling investor bets that inflation is […]
BOJ to raise forecasts for key inflation gauge – sources
BOJ likely to raise 2022, 2023 ‘core-core’ price forecastsBoard may slightly upgrade inflation forecast for fiscal 2024Upgrade unlikely to trigger immediate rate hike – sourcesWage hike key to timing of policy normalisationTOKYO, Jan 5 (Reuters) – The Bank of Japan is putting more emphasis on an inflation gauge that excludes fuel costs, and will likely […]