Actual wages have risen for four consecutive months, and the Bank of Japan is likely to raise interest rates in June.

According to the Zhitong Financial APP, the actual wages of Japanese workers have continued to rise for the fourth consecutive month, setting a record for the longest consecutive increase in four years, providing strong support for the Bank of Japan's interest rate hike this month. Japan's Ministry of Health, Labor and Welfare reported on Friday that in April, wages adjusted for inflation rose by 1.9% year-on-year, higher than the revised 1.4% from the previous month, as well as higher than the economists' earlier prediction of 1.7%, setting a record for the longest wage growth since the end of 2021.