Wages achieved the strongest growth in seven months! The probability of a rate hike by the Bank of Japan in October has greatly increased.

According to the Wisdom Finance app, the latest statistical data shows that the nominal wages of Japanese workers are growing at the fastest pace in seven months, and real wages have increased for the first time this year. These signs support the reasoning for the Bank of Japan to consider restarting the interest rate hike process in the coming months, even as early as October.