Sell USD/JPY
Sell USD/JPY at $144.056
Japanese Yen is getting stronger and more income is flowing now.
The base salary has jumped since 1995.
Regular wages has increased by 1.8%.
Total cash earnings has improved more than 2.5% in May'23 after a revised 0.8% in April'23.
Inflation will stabilise near 2%, then nominal wages will increase to 3.5%.
All the companies had already come up with 3.58% of wage hike.
Real wages has come down to 1.2% as inflation eats them up.
Household spending has declined to 2.5% below the median spending.
Month to month household spending were down by 1.1%, worse ghat last year which 0.5% up in April 2022.
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